EUR/USD Open 1.366 High 1.3291 Low 1.3134 Close 1.3272

On Thursday Euro/Dollar increased significantly with nearly 160 pips on ECB rates. The European currency appreciated from 1.3134 to 1.3291 yesterday, matching the positive Interbank sentiment projection at under +11%, closing the day at 1.3272. This morning the Euro is trading quietly, at the upper end of yesterday's range for now. On the 1 hour chart range trading has formed, while on the 3 hour chart the upward channel is making renewal attempts. Break above the nearest resistance and yesterday's top at 1.3291 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.3134, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3020. Today's focus is on Germany CPI, HICP, Current account and Trade balance, and France and Italy Industrial production, at 7, 7:45 and 9 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 neutral and calm, while CCI has crossed up the 100 line on the 1 hour chart, giving overall light long signals.
Technical resistance levels: 1.3291 1.3400 1.3524
Technical support levels: 1.3134 1.3020 1.2900
Yesterday we made +27 pips profit on EUR/USD from the following sent to clients only signal:
5:20 GMT Buy EUR/USD at 1.3168 SL 1.3142 TP 1.3218, TP reached 9:36 GMT+1.
Total yesterday +183, as shown in details at http://www.zifx.com/performance-past.php.

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