EUR/USD Open 1.2595 High 1.2624 Low 1.2500 Close 1.2599

On Wednesday Euro/Dollar increased with almost 125 pips on ECB bonds sale plan. The European currency appreciated from 1.2500 to 1.2624 yesterday, matching the positive money flow sentiment at over 29%, closing the day at 1.2599. This morning the Euro is trading quietly, with movements at the upper end of yesterday's range for now.

On the 1 hour chart the upward channel is still trying to resume, while on the 3 hour chart quotes are moving within wide range. Break above the nearest resistance and yesterday's top at 1.2624 may trigger further strengthening of the Euro. Going bellow today's bottom and first support at 1.2500, however, would confirm continuation of the bearish trend, towards next objective downwards 1.2384.

Today's focus is on EU17 GDP Q2, Germany Manufacturing orders, and EU17 ECB meeting announcement, at 9, 10 and 11:45 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 crossed up the 100 line on the 1 hour chart, giving over all light long signals.

Technical resistance levels: 1.2624 1.2740 1.2864
Technical support levels: 1.2500 1.2384 1.2260

Yesterday we made +38 pips profit/loss on EUR/USD from the following sent to clients only signal:
5:16 GMT+1 Sell EUR/USD at 1.2539 SL 1.2565 TP 1.2489, exit sent at 9:29 GMT+1.
Total yesterday +118, as shown at http://www.zifx.com/performance-past.php.

"EUR/USD