On Monday, the EUR/USD traded within the 65 pip range. The European currency appreciated from 1.3317 to 1.3382 yesterday, matching the positive money flow sentiment at over +14% to close the day at 1.3362. The Euro is trading quietly this morning, with movements within yesterday's range for now.
A new upward channel is on hold on the 1 hour chart, while wide trading range has formed on the 3 hour chart. A break above the nearest resistance and yesterday's top at 1.3382 may trigger further strengthening of the Euro. Going below yesterday's bottom and first support at 1.3317, however, would confirm continuation of the bearish trend towards the next objective downwards of 1.3200.
Today's focus is on Germany ZEW economic sentiment, U.S. Housing starts, Building permits, CPI and Redbook at 9, 12:30, and 12:55 GMT respectively.
Quotes are moving in line with the 20 and above the 50 EMA on the 1 hour chart, indicating short term neutral and medium term bullish pressure. The value of the RSI indicator is positive and calm. The MACD is positive and quiet , while CCI is in line with the 100 line on the 1 hour chart, giving overall neutral signals.
Technical resistance levels: 1.3382 1.3500 1.3623
Technical support levels: 1.3317 1.3200 1.3075
Yesterday we made +5 pips profit/loss on EUR/USD from the following sent to clients only signal:
5:15 GMT+1 Sell EUR/USD at 1.3323 SL 1.3349 TP 1.3273, exit sent at 5:56 GMT+1.
Total yesterday +82, as shown at our web site.
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EUR/USD Stable Ahead Of Tomorrow's Fed Meeting
Published 06/18/2013, 12:41 AM
Updated 01/01/2017, 02:20 AM
EUR/USD Stable Ahead Of Tomorrow's Fed Meeting
EUR/USD Open 1.3360 High 1.3382 Low 1.3317 Close 1.3362
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