EUR/USD Open 1.2959 High 1.2973 Low 1.2838 Close 1.2965

On Thursday Euro/Dollar continued increasing with 135 pips. The European currency appreciated from 1.2733 to 1.2868 yesterday, matching the positive Interbank sentiment projection at almost +4%, closing the day at 1.2965. This morning the Euro is trading quietly, moving at the upper end of yesterday's range for now. On the 1 hour chart new upward channel is emerging, while on the 3 hour chart the downward channel is on hold. Break above the nearest resistance and yesterday's top at 1.2973 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.2838, however, would confirm continuation of the bearish trend, towards next objective downwards 1.2722. Today's focus is on Germany PPI, at 7 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 inclining upwards, MACD is positive and calm, while CCI has crossed up the 100 line on the 1 hour chart, giving overall all light long signals.
Technical resistance levels: 1.2973 1.3086 1.3200
Technical support levels: 1.2838 1.2722 1.2600

Trading range: 1.2950 - 1.3025
Trend: Upward
Buy at 1.2963 SL 1.2933 TP 1.3013

Yesterday we made +50 pips profit on EUR/USD from the following sent to clients only signal:
5:19 GMT Buy EUR/USD at 1.2858 SL 1.2832 TP 1.2908, TP reached at 9:37 GMT+1.
Total yesterday +119, as shown in details at http://www.zifx.com/performance.php.

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