EUR/USD Open 1.2468 High 1.2487 Low 1.2345 Close 1.2470

On Tuesday Euro/Dollar increased with 140 pips on ECB speculation. The European currency appreciated from 1.2345 to 1.2487 yesterday, matching the positive money flow sentiment at over 28%, closing the day at 1.2470. This morning the Euro is trading quietly, with movements at the upper end of yesterday's range for now.

On the 1 hour chart the wide and small angle upward channel has renewed, while on the 3 hour chart range trading is forming. Break above the nearest resistance and yesterday's top at 1.2487 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.2345, however, would confirm continuation of the bearish trend, towards next objective downwards 1.2229.

Today's focus is on Germany Ifo Survey at 8 GMT.

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, MACD is positive and quiet too, while CCI has crossed up the 100 line on the 1 hour chart, giving over all light long signals.

Technical resistance levels: 1.2487 1.2600 1.2722
Technical support levels: 1.2345 1.2229 1.2100

Yesterday we made +50 pips profit/loss on EUR/USD from the following sent to clients only signal:
7:21 GMT+1 Buy EUR/USD at 1.2371 SL 1.2345 TP 1.2421, TP reached at 11:08 GMT+1.
Total yesterday +102, as shown at