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EUR/USD Stimulated As Markets Temper Fed’s Tapering Idea

EUR/USD Stimulated As Markets Temper Fed’s Tapering Idea

EUR/USD Open 1.3309 High 1.3325 Low 1.3242 Close 1.3307On Wednesday EUR/USD increased with 80 pips. The European currency appreciated from 1.3242 to 1.3325 yesterday, matching the positive money flow sentiment at above +18%, and closing the day at 1.3307. 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 moving within trading range, while on the 3 hour chart quotes are holding within the wide trading scope. Break above the nearest resistance and yesterday’s top at 1.3325 may trigger further strengthening of the euro. Going below yesterday’s bottom and first support at 1.3242, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3128.Today’s focus is on Germany Wholesale prices, France CPI, Italy Industrial production and CPI, EMU Industrial production, U.S. Jobless claims, Import and Export prices, and the Federal budget, at 6:00, 6:45, 8:00, 9:00, 12:30, and 18:00 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 calm, the MACD is positive and quiet too, while the CCI has crossed up the 100 line on the 1 hour chart, giving over all light long signals.Technical resistance levels: 1.3325 1.3438 1.3560Technical support levels: 1.3242 1.3128 1.3000Yesterday we made +23 pips profit/loss on EUR/USD signaling to clients:5:15 GMT+1 Buy EUR/USD at 1.3253 SL 1.3227 TP 1.3303, exit sent at 9:30 GMT+1.Total yesterday +141.

EUR/USD Chart” title=”EUR/USD Chart” />

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