EUR/USD Open 1.3382 High 1.3699 Low 1.3343 Close 1.3372

On Monday Euro/Dollar increased significantly with almost 260 pips on France - Germany talks. The European currency appreciated from 1.3343 to 1.3699 yesterday, matching the positive Interbank sentiment projection at almost +8%, closing the day at 1.3372. This morning the Euro corrected slightly, but movements are still at the upper side of yesterday's range for now. On the 1 hour chart range trading has emerged, while on the 3 hour chart the downward channel is on hold. Break above the nearest resistance and yesterday's top at 1.3699 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.3343, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3226. There are no major economic events for EU today. Quotes are moving in line with the 20 and above the 50 EMA on the 1 hour chart, indicating short term neutral and medium term bullish pressure. The value of the RSI indicator is negative and declining, MACD is positive and quiet, while CCI is in line with the 100 line on the 1 hour chart, giving overall neutral signals.
Technical resistance levels: 1.3699 1.3816 1.3940
Technical support levels: 1.3343 1.3226 1.3100

Trading range: 1.3610 - 1.3685
Trend: Upward
Buy at 1.3624 SL 1.3594 TP 1.3674

Yesterday we made +50 pips profit on EUR/USD from the following sent to clients only signal:
5:26 GMT+1 Buy EUR/USD at 1.3461 SL 1.3435 TP 1.3511, exit sent at 8:53 GMT+1.
Total yesterday +119, as shown in details at http://www.zifx.com/performance.php.

ZIFX.com