EUR/USD Open 1.3051 High 1.3077 Low 1.2934 Close 1.3048

On Tuesday Euro/Dollar increased with 140 pips. The European currency appreciated from 1.2934 to 1.3077, matching the morning positive Interbank sentiment projection at over +5%, closing the day at 1.3048. This morning the Euro is slightly adjusting, moving within yesterday's range for now. On the 1 hour chart new range trading has formed, while on the 3 hour chart the downward channel has slowed down. Break above the nearest resistance and yesterday's top at 1.3077 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.2934, however, would confirm continuation of the bearish trend, towards next objective downwards 1.2818. Today's focus is on Italy, France, Germany and EU17 PMI, Italy CPI and HICP, and EU17 Harmonized CPI, at 8:45, 8:50, 8:55, 9 and 10 GMT. Quotes are moving just above the close 20 and 50 EMA on the 1 hour chart, indicating slim bullish pressure. The value of the RSI indicator is positive and calm, MACD is positive and quiet too, while CCI has thinly crossed up the 100 line on the 1 hour chart, giving overall all light long signals.
Technical resistance levels: 1.3077 1.3200 1.3322
Technical support levels: 1.2934 1.2818 1.2700

Trading range: 1.3015 - 1.30900
Trend: Upward
Buy at 1.3026 SL 1.2996 TP 1.3076

Yesterday we made +11 pips profit on EUR/USD from the following sent to clients only signal:
5:21 GMT Sell EUR/USD at 1.2984 SL 1.3010 TP 1.2934, exit sent at 5:45 GMT+1.
Total yesterday +64, as shown in details at http://www.zifx.com/performance.php.

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