EUR/USD Open 1.3607 High 1.3653 Low 1.3482 Close 1.3600

On Thursday Euro/Dollar increased with 170 pips on the new Greek Prime minister news. The European currency depreciated from 1.3482 to 1.3653 yesterday, matching the positive Interbank sentiment projection at bellow +1%, closing the day at 1.3600. This morning the Euro is trading quietly, with movements at the upper side of yesterday's range for now. On the 1 hour chart the new 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 1.3653 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.3482, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3367. There are no major economic events for EU today. Quotes are moving just above the crossing (direction may turn) 20 and 50 EMA on the 1 hour chart, indicating slim bullish pressure. The value of the RSI indicator is thinly positive and calm, MACD is neutral and quiet, while CCI has crossed up the 100 line on the 1 hour chart, giving overall all light long signals.
Technical resistance levels: 1.3653 1.3770 1.3891
Technical support levels: 1.3482 1.3367 1.3350

Trading range: 1.3640 - 1.3565
Trend: Downward
Sell at 1.3626 SL 1.3656 TP 1.3576

Yesterday we made +70 pips profit on EUR/USD from the following sent to clients only signal:
5:23 GMT Sell EUR/USD at 1.3560 SL 1.3586 TP 1.3490, TP reached at 7:11 GMT+1.
Total yesterday +130, as shown in details at http://www.zifx.com/performance.php.

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