EUR/USD Open 1.3407 High 1.3480 Low 1.3366 Close 1.3392

On Monday Euro/Dollar corrected deeply downwards with 115 pips. The European currency depreciated from 1.3480 to 1.3366 yesterday, not matching the positive Interbank sentiment projection at over +25%, closing the day at 1.3392. This morning the Euro resumed climbing, with movements still within yesterday's range for now. On the 1 hour chart the upward channel is making renewal attempts, while on the 3 hour chart the upward channel looks good. Break above the nearest resistance and yesterday's top at 1.3480 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.3366, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3250. Today's focus is on EU17 Economic sentiment index and Business climate indicator, and Germany CPI and HICP, at 10 and 13 GMT respectively. Quotes are moving just above the crossed 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 quiet, while CCI has crossed up the 100 line on the 1 hour chart, giving overall all light long signals.
Technical resistance levels: 1.3480 1.3600 1.3727
Technical support levels: 1.3366 1.3250 1.3128
Yesterday we made +21 pips profit on EUR/USD from the following sent to clients only signal:
5:19 GMT Buy EUR/USD at 1.3443 SL 1.3417 TP 1.3493, exit sent 7:55 GMT+1.
Total yesterday +58, as shown in details at