EUR/USD Open 1.3465 High 1.3487 Low 1.3356 Close 1.3448

On Friday Euro/Dollar continued increasing significantly with 130 pips. The European currency appreciated from 1.3356 to 1.3487 on Friday, matching the positive Interbank sentiment projection at almost +37%, closing the week at 1.3448. This morning the Euro is trading quietly, with movements at the upper end of Friday's range for now. On the 1 hour chart new upwards channel has formed, while on the 3 hour chart the upward channel has renewed. Break above the nearest resistance and Friday's top at 1.3487 may trigger further strengthening of the Euro. Going bellow Friday's bottom and first support at 1.3356, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3230. Today's focus is on France PPI, Italy Business confidence, and EU17 M3 money supply, at 7:45 and 9 GMT respectively. Quotes are moving just above the 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: 1.3487 1.3600 1.3727
Technical support levels: 1.3356 1.3230 1.3118
On Friday we made +31 pips profit on EUR/USD from the following sent to clients only signal:
5:18 GMT Buy EUR/USD at 1.3371 SL 1.3345 TP 1.3421, exit sent 9:08 GMT+1.
Total on Friday +153, as shown in details at http://www.zifx.com/performance-past.php.

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