EUR/USD Open 1.3566 High 1.3600 Low 1.3520 Close 1.3569
On Tuesday Euro/Dollar increased with 55 pips. The European currency appreciated from 1.3520 to 1.3575 yesterday, matching the positive money flow sentiment at over +14%, closing the day at 1.3569. This morning the Euro ascended further, reaching 1.3600.
On the 1 hour chart quotes are back into the trading range limit, while on the 3 hour chart the upward channel is making renewal attempts. Break above the nearest resistance and today's top at 1.3600 may trigger further strengthening of the Euro. Going below yesterday's bottom and first support at 1.3520, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3407.
Today's focus is on France Consumer confidence, and U.S. Jobless claims, Durable goods orders, Chicago PMI, Michigan sentiment index, and CB Leading indicators, at 7:45, 13:30, 14:45, 14:55, and 15 GMT respectively.
Quotes are moving above the 20 and 50 EMA on the 1 hour chart, indicating bullish pressure. The value of the RSI indicator is positive and rising, MACD is positive and hesitant, while CCI has crossed up the 100 line on the 1 hour chart, giving over all long signals.
Technical resistance levels: 1.3600 1.3714 1.3840
Technical support levels: 1.3520 1.3407 1.3280
On Tuesday Euro/Dollar increased with 55 pips. The European currency appreciated from 1.3520 to 1.3575 yesterday, matching the positive money flow sentiment at over +14%, closing the day at 1.3569. This morning the Euro ascended further, reaching 1.3600.
On the 1 hour chart quotes are back into the trading range limit, while on the 3 hour chart the upward channel is making renewal attempts. Break above the nearest resistance and today's top at 1.3600 may trigger further strengthening of the Euro. Going below yesterday's bottom and first support at 1.3520, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3407.
Today's focus is on France Consumer confidence, and U.S. Jobless claims, Durable goods orders, Chicago PMI, Michigan sentiment index, and CB Leading indicators, at 7:45, 13:30, 14:45, 14:55, and 15 GMT respectively.
Quotes are moving above the 20 and 50 EMA on the 1 hour chart, indicating bullish pressure. The value of the RSI indicator is positive and rising, MACD is positive and hesitant, while CCI has crossed up the 100 line on the 1 hour chart, giving over all long signals.
Technical resistance levels: 1.3600 1.3714 1.3840
Technical support levels: 1.3520 1.3407 1.3280
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