EUR/USD Open 1.2863 High 1.2879 Low 1.2733 Close 1.2859

On Wednesday Euro/Dollar continued increasing with almost 140 pips. The European currency appreciated from 1.2733 to 1.2868 yesterday, not matching the negative Interbank sentiment projection at bellow -4%, closing the day at 1.2859. This morning the Euro ascended slightly further, reaching 1.2879. On the 1 hour chart new range trading has emerged, while on the 3 hour chart quotes are still testing the upper limit of the downward channel. Break above the nearest resistance and today's top at 1.2879 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.2733, however, would confirm continuation of the bearish trend, towards next objective downwards 1.2620. Today's focus is on EU17 Current account, at 9 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: 1.2879 1.3000 1.3124
Technical support levels: 1.2733 1.2620 1.2500

Trading range: 1.2835 - 1.2910
Trend: Upward
Buy at 1.2847 SL 1.2817 TP 1.2897

Yesterday we made +50 pips profit on EUR/USD from the following sent to clients only signal:
5:20 GMT Buy EUR/USD at 1.2755 SL 1.2729 TP 1.2805, TP reached at 7:50 GMT+1.
Total yesterday +101, as shown in details at http://www.zifx.com/performance.php.

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