EUR/USD Open 1.3513 High 1.3569 Low 1.3451 Close 1.3502

On Tuesday Euro/Dollar traded within 100 pip range. The European currency appreciated from 1.3467 to 1.3569 yesterday, matching the neutral Interbank sentiment projection at almost -3%, closing the day at 1.3502. This morning the Euro descended slightly, reaching 1.3451. On the 1 hour chart the downward channel has slowed down, while on the 3 hour chart wide range trading has formed. Break above the nearest resistance and yesterday's top at 1.3569 may trigger further strengthening of the Euro. Going bellow today's bottom and first support at 1.3451, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3330. Today's focus is on France Business confidence, PMI, Germany and EU17 PMI, and EU17 Industrial orders, at 7:45, 7:58, 8:28, 8:58 and 10 GMT respectively. Quotes are moving bellow the close 20 and 50 EMA on the 1 hour chart, indicating bearish pressure. The value of the RSI indicator is thinly negative and inclining upwards, MACD is neutral and quiet, while CCI has crossed down the 100 line on the 1 hour chart, giving overall all light short signals.
Technical resistance levels: 1.3569 1.3682 1.3800
Technical support levels: 1.3451 1.3330 1.3200

Trading range: 1.3445 - 1.3520
Trend: Upward
Buy at 1.3458 SL 1.3428 TP 1.3508

Yesterday we made +3 pips profit on EUR/USD from the following sent to clients only signal:
7:03 GMT Sell EUR/USD at 1.3503 SL 1.3529 TP 1.3453, exit sent at 7:05 GMT+1.
Total yesterday +25, as shown in details at http://www.zifx.com/performance.php.

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