EUR/USD Boosted On Bernanke Comments

23:52 |


EUR/USD Open 1.3353 High 1.3368 Low 1.3191 Close 1.3355
On Monday Euro/Dollar increased significantly, with 180 pips on Bernanke speach. The European currency appreciated from 1.3191 to 1.3368 yesterday, matching the positive Interbank sentiment projection at over +10%, closing the day at 1.3355. This morning the Euro is trading quietly, with movements at the upper end of yesterday's range for now. On the 1 hour chart new upward channel has formed, while on the 3 hour chart quotes are still moving within range. Break above the nearest resistance and yesterday's top at 1.3368 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.3191, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3074. Today's focus is on Germany Import prices and France Consumer confidence, at 6 and 6:45 GMT respectively. Quotes are moving just above the 20 and 50 EMA on the 1 hour chart, indicating slim bullish pressure. The value of the RSI indicator is positive and declining, MACD is positive and quiet, while CCI has thinly crossed up the 100 line on the 1 hour chart, giving overall light long signals.
Technical resistance levels: 1.3368 1.3480 1.3600
Technical support levels: 1.3191 1.3074 1.2950
Yesterday we made +50 pips profit on EUR/USD from the following sent to clients only signal:
5:18 GMT Sell EUR/USD at 1.3260 SL 1.3286 TP 1.3210, TP reached 9:36 GMTGMT+1.
Total yesterday +179, as shown in details at http://www.zifx.com/performance-past.php.
ZIFX.com EUR/USD Chart

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