EUR/USD Open 1.3027 High 1.3050 Low 1.2956 Close 1.3014

On Thursday Euro/Dollar traded within 95 pip range. The European currency appreciated from 1.2956 to 1.3050 yesterday, not matching the negative Interbank sentiment projection at nearly -12%, closing the day at 1.3014. This morning the Euro is trading quietly, at the upper end of yesterday's range for now. On the 1 hour chart the downward channel has slowed down, while on the 3 hour the new downward channel is intact. Break above the nearest resistance and yesterday's top at 1.3050 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.2956, however, would confirm continuation of the bearish trend, towards next objective downwards 1.2829. Today's focus is on France Business confidence and EU17 Trade balance, at 7:45 and 10 GMT respectively. Quotes are moving just above the crossed and close 20 and 50 EMA on the 1 hour chart, indicating slim bullish pressure. The value of the RSI indicator is positive and inclining upwards, MACD is neutral 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: 1.3050 1.3178 1.3300
Technical support levels: 1.2956 1.2829 1.2700

Trading range: 1.3045 - 1.2970
Trend: Downward
Sell at 1.3032 SL 1.3062 TP 1.2982

Yesterday we made +11 pips profit on EUR/USD from the following sent to clients only signal:
5:20 GMT Sell EUR/USD at 1.2989 SL 1.3015 TP 1.2939, exit sent at 5:44 GMT+1.
Total yesterday +53, as shown in details at