EUR/USD Open 1.3305 High 1.3399 Low 1.3230 Close 1.3317

On Monday Euro/Dollar increased, recovering significantly with 170 pips. The European currency appreciated from 1.3230 to 1.3399 yesterday, not matching the negative Interbank sentiment projection at nearly -7%, closing the day at 1.3317. This morning the Euro is pushing up againg, but movements are still within yesterday's range for now. On the 1 hour chart the downward channel has slowed down, while on the 3 hour chart quotes bounced from the lower limit of the wide trading range. Break above the nearest resistance and yesterday's top at 1.3399 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.3230, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3112. Today's focus is on EU17 Economic sentiment index and Business climate indicator, both at 10 GMT. Quotes are moving just above the close 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 neutral and quiet, while CCI has crossed up the 100 line on the 1 hour chart, giving overall all light long signals.
Technical resistance levels: 1.3399 1.3517 1.3640
Technical support levels: 1.3230 1.3112 1.2990

Trading range: 1.3350 - 1.3425
Trend: Upward
Buy at 1.3363 SL 1.3333 TP 1.3413

Yesterday we made +20 pips profit on EUR/USD from the following sent to clients only signal:
5:23 GMT Sell EUR/USD at 1.3292 SL 1.3318 TP 1.3242, exit sent at 7:49 GMT+1.
Total yesterday +101, as shown in details at http://www.zifx.com/performance.php.

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