EUR/USD Open 1.3920 High 1.3957 Low 1.3821 Close 1.3927

On Monday Euro/Dollar increased significantly with over 130 pips, as EU summit brought some hopes. The European currency appreciated from 1.3821 to 1.3957 yesterday, matching the positive Interbank sentiment projection at over +13%, closing the day at 1.3927. This morning the Euro is trading quietly, with movements at the upper end of yesterday's resistance for now. On the 1 hour chart the upward channel has renewed, while on the 3 hour chart range trading has formed. Break above the nearest resistance and yesterday's top at 1.3957 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.3821, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3700. Today's focus is on France and Italy Consumer confidence, and Italy Retail sales, at 6:45 and 8 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 declining, MACD is positive and quiet, while CCI has thinly crossed up the 100 line on the 1 hour chart, giving overall all light long signals.
Technical resistance levels: 1.3957 1.4073 1.4200
Technical support levels: 1.3821 1.3700 1.3582

Trading range: 1.3890 - 1.3965
Trend: Upward
Buy at 1.3903 SL 1.3873 TP 1.3953

Yesterday we made +50 pips profit on EUR/USD from the following sent to clients only signal:
5:25 GMT+1 Buy EUR/USD at 1.3886 SL 1.3860 TP 1.3936, TP reached at 7:00 GMT+1.
Total yesterday +151, as shown in details at http://www.zifx.com/performance.php.

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