EUR/USD Open 1.2984 High 1.3063 Low 1.2944 Close 1.2980

On Wednesday Euro/Dollar continued decreasing on smaller gear with 120 pips. The European currency depreciated from 1.3063 to 1.2944 yesterday, matching the negative Interbank sentiment projection at almost -10%, closing the day at 1.2980. This morning the Euro is trading quietly, at the lower end of yesterday's range for now. On the 1 hour chart the downward channel looks good, while on the 3 hour the new downward channel is speeding up. Break above the nearest resistance and yesterday's top at 1.3063 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.2944, however, would confirm continuation of the bearish trend, towards next objective downwards 1.2825. Today's focus is on France, Germany, Italy and EU17 PMI, and EU17 Harmonized CPI, at 8, 8:30, 9 and 10 GMT respectively. Quotes are moving in line with the 20 and bellow the 50 EMA on the 1 hour chart, indicating short term neutral and medium term bearish pressure. The value of the RSI indicator is positive and inclining upwards, MACD is negative and quiet, while CCI is in line with the 100 line on the 1 hour chart, giving overall all neutral signals.
Technical resistance levels: 1.3063 1.3178 1.3300
Technical support levels: 1.2944 1.2825 1.2700

Trading range: 1.3005 - 1.2930
Trend: Downward
Sell at 1.2993 SL 1.3023 TP 1.2943

Yesterday we made +33 pips profit on EUR/USD from the following sent to clients only signal:
5:21 GMT Sell EUR/USD at 1.3037 SL 1.3063 TP 1.2987, exit sent at 8:08 GMT+1.
Total yesterday +95, as shown in details at