EUR/USD Open 1.3426 High 1.3451 Low 1.3241 Close 1.3434

On Thursday Euro/Dollar increased significantly with 210 pips on Europe hopes. The European currency appreciated from 1.3241 to 1.3451 yesterday, matching the positive Interbank sentiment projection at over +5%, closing the day at 1.3434. This morning the Euro is trading quietly, with movements at the upper side of yesterday's range for now. On the 1 hour chart quotes are testing the upper limit of the downward channel, while on the 3 hour chart the downward channel still looks good. Break above the nearest resistance and yesterday's top at 1.3451 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.3241, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3126. Today's focus is on Germany Industrial production at 10 GMT. 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 declining, MACD is positive and quiet, while CCI has crossed up the 100 line on the 1 hour chart, giving overall light long signals.
Technical resistance levels: 1.3451 1.3566 1.3785
Technical support levels: 1.3241 1.3126 1.3000

Trading range: 1.3415 - 1.3490
Trend: Upward
Buy at 1.3427 SL 1.3397 TP 1.3477

Yesterday we made +23 pips profit on EUR/USD from the following sent to clients only signal:
5:25 GMT+1 Sell EUR/USD at 1.3334 SL 1.3360 TP 1.3284, exit sent at 8:11 GMT+1.
Total yesterday +108, as shown in details at http://www.zifx.com/performance.php.

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