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Daily Forex Technicals |
Written by ZIFX.com |
Feb 10 12 06:18 GMT
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EUR/USD Lifts Slightly On Greek Debt Talks Conclusion
EUR/USD Open 1.3273 High 1.3322 Low 1.3226 Close 1.3284
On Thursday Euro/Dollar increased with almost 100 pips on Greek debt talks conclusion. The European currency appreciated from 1.3226 to 1.3322 yesterday, matching the positive Interbank sentiment projection at nearly +20%, closing the day at 1.3284. This morning the Euro is trading quietly, moving within yesterday's range for now. On the 1 hour chart the upward channel is still making renewal attempts, while on the 3 hour the upward channel has resumed. Break above the nearest resistance and yesterday's top at 1.3322 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.3226, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3115. Today's focus is on Germany CPI and HICP, and France and Italy Industrial production, at 7, 7:45 and 9 GMT respectively. Quotes are moving just bellow the close 20 and 50 EMA on the 1 hour chart, indicating slim bearish pressure. The value of the RSI indicator is negative and calm, MACD is neutral and calm, while CCI has thinly crossed down the 100 line on the 1 hour chart, giving overall all neutral to light short signals.
Technical resistance levels: 1.3322 1.3440 1.3564
Technical support levels: 1.3226 1.3115 1.3000
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