Euro Lifted By FOMC Minutes Relief
ZIFX com | Jul 10, 2014 12:30AM ET
Open 1.3638
High 1.3649
Low 1.3601
Close 1.3639
On Wednesday the EUR/USD increased with almost 50 pips. The european currency appreciated from 1.3601 to 1.3649 yesterday, matching the positive money flow sentiment at nearly +16%, closing the day at 1.3639. This morning the euro is trading quietly, with movements at the upper end of yesterday's range for now.
On the 1 hour chart quotes are heading for the upper limit of the trading range, while on the 3 hour chart the downward channel is still on hold. Break above the nearest resistance and today's top at 1.3649 may trigger further strengthening of the euro. Going below yesterday's bottom and first support at 1.3601, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3490.
Quotes are moving above the widened 20 and 50 EMA on the 1 hour chart, indicating bullish pressure. The value of the RSI indicator is positive and hesitant, MACD is thinly positive and calm, while CCI has crossed up the 100 line on the 1 hour chart, giving over all long signals.
Technical resistance levels: 1.3649 1.3764 1.3890
Technical support levels: 1.3601 1.3490 1.3366
Yesterday we made +31 pips profit/loss on EUR/USD from the following sent to clients only signal:
5:15 GMT+1 Buy EUR/USD at 1.3612 SL 1.3586 TP 1.3662, exit sent at 15:42 GMT+1.
Total yesterday +99.
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