EUR/USD Open 1.3080 High 1.3191 Low 1.3051 Close 1.3078

On Tuesday Euro/Dollar decreased with 140 pips. The European currency depreciated from 1.3191 to 1.3051 yesterday, not matching the positive Interbank sentiment projection at under +5%, closing the day at 1.3078. This morning the Euro is trading quietly, at the lower end of yesterday's range for now. On the 1 hour chart the new downward channel has resumed, while on the 3 hour chart range trading is taking shape. Break above the nearest resistance and yesterday's top at 1.3191 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.3051, however, would confirm continuation of the bearish trend, towards next objective downwards 1.2928. Today's focus is on EU17 Industrial production and Harmonized CPI, both at 10 GMT. Quotes are moving just bellow the twisted 20 and 50 EMA on the 1 hour chart, indicating slim bearish pressure. The value of the RSI indicator is negative and declining, MACD is negative and calm, while CCI has crossed down the 100 line on the 1 hour chart, giving overall light short signals.
Technical resistance levels: 1.3191 1.3310 1.3433
Technical support levels: 1.3051 1.2928 1.2800
Yesterday we made +28 pips profit on EUR/USD from the following sent to clients only signal:
5:21 GMT Buy EUR/USD at 1.3147 SL 1.3121 TP 1.3197, exit sent 7:20 GMT+1.
Total yesterday +131, as shown in details at