EUR/USD Open 1.3320 High 1.3356 Low 1.3281 Close 1.3310

On Thursday Euro/Dollar traded within 75 pip range. The European currency depreciated from 1.3356 to 1.3281 yesterday, not matching the positive Interbank sentiment projection at above +17%, closing the day at 1.3310. This morning the Euro is trading quietly, at the lower end of yesterday's range for now. On the 1 hour chart range trading is forming, while on the 3 hour chart the upward channel is on hold. Break above the nearest resistance and yesterday's top at 1.3356 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.3281, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3164. Today's focus is on Germany Retail sales and EU17 PPI, at 7 and 10 GMT respectively. Quotes are moving just bellow the 20 and 50 EMA on the 1 hour chart, indicating slim bearish pressure. The value of the RSI indicator is negative and declining, MACD is negative and calm, while CCI has crossed down the 100 line on the 1 hour chart, giving overall all light short signals.
Technical resistance levels: 1.3356 1.3475 1.3600
Technical support levels: 1.3281 1.3164 1.3040
Yesterday we made +23 pips profit on EUR/USD from the following sent to clients only signal:
7:23 GMT Sell EUR/USD at 1.3329 SL 1.3355 TP 1.3279, exit sent 7:31 GMT+1.
Total yesterday +64, as shown in details at http://www.zifx.com/performance-past.php.

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