EUR/USD Open 1.3142 High 1.3166 Low 1.3069 Close 1.3132

On Thursday Euro/Dollar continued trading within almost 100 pip range. The European currency depreciated from 1.3166 to 1.3069 yesterday, not matching the positive Interbank sentiment projection at nearly +5%, closing the day at 1.3132. This morning the Euro is trading quietly, with movements at the upper end of yesterday's range for now. On the 1 hour chart small range trading has formed, while on the 3 hour chart quotes returned into the wide trading range. Break above the nearest resistance and yesterday's top at 1.3166 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.3069, however, would confirm continuation of the bearish trend, towards next objective downwards 1.2942. Today's focus is on Germany PPI and IFO, both at 6 GMT. Quotes are moving just above the twisted 20 and 50 EMA on the 1 hour chart, indicating slim bullish pressure. The value of the RSI indicator is neutral and declining, MACD is thinly positive and quiet, while CCI has thinly crossed up the 100 line on the 1 hour chart, giving overall neutral to light long signals.
Technical resistance levels: 1.3166 1.3280 1.3400
Technical support levels: 1.3069 1.2942 1.2820
Yesterday we made +29 pips profit on EUR/USD from the following sent to clients only signal:
8:58 GMTGMT+1 Buy EUR/USD at 1.3137 SL 1.3111 TP 1.3187, exit sent 9:40 GMTGMT+1.
Total yesterday +124, as shown in details at http://www.zifx.com/performance-past.php.

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