On Friday, the EUR/USD traded almost within the 100 pip range. The European currency depreciated from 1.3287 to 1.3190 on Friday, not matching the positive money flow sentiment at around +15% and closing the week at 1.3214. The euro slipped slightly further this morning, reaching 1.3182.
The new upward channel has slowed down on the 1 hour chart, while quotes are held within wide trading range on the 3 hour chart. A break above the nearest resistance and Friday's top at 1.3287 may trigger further strengthening of the Euro. Going below today's bottom and first support at 1.3182 would confirm continuation of the bearish trend, towards the next objective downwards of 1.3070.
Today's data focus is on French Industrial production, Italian GDP and Industrial Production, at 6:45 and 8 GMT respectively.
Quotes are moving below the 20 and in line with the 50 EMA on the 1 hour chart, indicating short term bearish pressure and medium term neutrality. The value of the RSI indicator is negative and calm. The MACD is positive and quiet, while the CCI crossed down the 100 line on the 1 hour chart, giving overall light short signals.
Technical resistance levels: 1.3287 1.3400 1.3523
Technical support levels: 1.3182 1.3070 1.2946
On Friday we made +14 pips profit/loss on EUR/USD from the following sent to clients only signal:
5:15 GMT+1 Buy EUR/USD at 1.3256 SL 1.3230 TP 1.3306, exit sent at 5:19 GMT+1.
Total on Friday +102, as shown at our web site.
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EUR/USD Slips On Stable U.S. Job Numbers
Published 06/10/2013, 12:37 AM
Updated 01/01/2017, 02:20 AM
EUR/USD Slips On Stable U.S. Job Numbers
EUR/USD Open 1.3204 High 1.3287 Low 1.3182 Close 1.3214
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