EUR/USD Open 1.3084 High 1.3132 Low 1.2994 Close 1.3079

On Tuesday Euro/Dollar increased with 140 pips. The European currency appreciated from 1.2994 to 1.3132 yesterday, not matching the negative Interbank sentiment projection at under -8%, closing the day at 1.3079. This morning the Euro is trading quietly, and at the upper end of yesterday's range for now. On the 1 hour chart the downward channel is on hold, while on the 3 hour the downward channel has slowed down. Break above the nearest resistance and yesterday's top at 1.3132 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.2994, however, would confirm continuation of the bearish trend, towards next objective downwards 1.2870. Today's focus is on Germany Import prices at 7 GMT. 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 neutral and calm, MACD is positive and quiet, while CCI has thinly crossed up the 100 line on the 1 hour chart, giving overall all neutral to light long signals.
Technical resistance levels: 1.3132 1.3250 1.3376
Technical support levels: 1.2994 1.2870 1.2744

Trading range: 1.3090 - 1.3165
Trend: Upward
Buy at 1.3102 SL 1.3072 TP 1.3152

Yesterday we made +43 pips profit on EUR/USD from the following sent to clients only signal:
5:21 GMT Buy EUR/USD at 1.3003 SL 1.2977 TP 1.3053, exit sent at 9:03 GMT+1.
Total yesterday +152, as shown in details at http://www.zifx.com/performance.php.

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