EUR/USD Open 1.3034 High 1.3063 Low 1.2953 Close 1.3033

On Tuesday Euro/Dollar traded within 110 pip range. The European currency depreciated from 1.3063 to 1.2953 yesterday, not matching the positive Interbank sentiment projection at almost +10%, closing the day at 1.3033. This morning the Euro is trading quietly, with movements within yesterday's range for now. On the 1 hour chart new upward channel has formed, while on the 3 hour chart the downward channel was broken upwards. Break above the nearest resistance and yesterday's top at 1.3063 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.2953, however, would confirm continuation of the bearish trend, towards next objective downwards 1.2838. Today's focus is on Germany IFO business climate index and Italy Retail sales, at 9 and 10 GMT respectively. 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 positive and calm, MACD is positive and quiet too, while CCI has thinly crossed up the 100 line on the 1 hour chart, giving overall all light long signals.
Technical resistance levels: 1.3063 1.3180 1.3300
Technical support levels: 1.2953 1.2838 1.2725

Trading range: 1.3010 - 1.3085
Trend: Upward
Buy at 1.3022 SL 1.2992 TP 1.3072

Yesterday we made +50 pips profit on EUR/USD from the following sent to clients only signal:
5:20 GMT Buy EUR/USD at 1.2997 SL 1.2971 TP 1.3047, TP reached at 9:10 GMT+1.
Total yesterday +135, as shown in details at http://www.zifx.com/performance.php.

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