EUR/USD Open 1.3024 High 1.3052 Low 1.2852 Close 1.3009

On Monday Euro/Dollar resumed increasing with 200 pips. The European currency appreciated from 1.2852 to 1.3052 yesterday, matching the positive Interbank sentiment projection at almost +7%, closing the day at 1.3009. 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 has formed, while on the 3 hour chart the downward channel was broken upwards. Break above the nearest resistance and yesterday's top at 1.3052 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.2852, however, would confirm continuation of the bearish trend, towards next objective downwards 1.2738. Today's focus is on France, Germany and EU17 PPI, and EU17 Industrial orders, at 8, 8:30, 9 and 10 GMT respectively. Quotes are moving just bellow the 20 and above the 50 EMA on the 1 hour chart, indicating short term slim bearish and medium term bullish pressure. The value of the RSI indicator is negative and declining, MACD is positive and calm, while CCI has thinly crossed down the 100 line on the 1 hour chart, giving overall all neutral signals.
Technical resistance levels: 1.3052 1.3167 1.3290
Technical support levels: 1.2852 1.2738 1.2615

Trading range: 1.2990 - 1.3060
Trend: Upward
Buy at 1.3000 SL 1.2970 TP 1.3050

Yesterday we made +50 pips profit on EUR/USD from the following sent to clients only signal:
7:06 GMT Buy EUR/USD at 1.2997 SL 1.2971 TP 1.3047, TP reached at 8:21 GMT+1.
Total yesterday +165, as shown in details at http://www.zifx.com/performance.php.

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