EUR/USD Open 1.2557 High 1.2590 Low 1.2523 Close 1.2563

On Thursday Euro/Dollar continued increasing slightly with 65 pips. The European currency appreciated from 1.2523 to 1.2590 yesterday, matching the positive money flow sentiment at over 17%, closing the day at 1.2563. This morning the Euro is trading quietly, with movements within yesterday's range for now.

On the 1 hour chart the wide and small angle upward channel has renewed, while on the 3 hour chart wide range trading has formed. Break above the nearest resistance and yesterday's top at 1.2590 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.2523, however, would confirm continuation of the bearish trend, towards next objective downwards 1.2410.

Today's focus is on USA Durable goods at 12:30 GMT.

Quotes are moving above the 20 and 50 EMA on the 1 hour chart, indicating bullish pressure. The value of the RSI indicator is positive and calm, MACD is positive and inclining upwards, while CCI has crossed up the 100 line on the 1 hour chart, giving over all light long signals.

Technical resistance levels: 1.2590 1.2700 1.2822
Technical support levels: 1.2523 1.2410 1.2286

Yesterday we made +25 pips profit/loss on EUR/USD from the following sent to clients only signal:
5:17 GMT+1 Buy EUR/USD at 1.2546 SL 1.2520 TP 1.2596, exit sent at 8:12 GMT+1.
Total yesterday +88, as shown at