EUR/USD Open 1.3116 High 1.3226 Low 1.3102 Close 1.3111

On Tuesday Euro/Dollar resumed decreasing with 120 pips. The European currency depreciated from 1.3226 to 1.3102 yesterday, not matching the positive Interbank sentiment projection at above +3%, closing the day at 1.3111. This morning the Euro is trading quietly, with movements at the lower end of yesterday's range for now. On the 1 hour chart range trading has formed, while on the 3 hour chart the upward channel is still on hold. Break above the nearest resistance and yesterday's top at 1.3226 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.3102, however, would confirm continuation of the bearish trend, towards next objective downwards 1.2985. Today's focus is on Germany Manufacturing orders at 11 GMT. 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 calm, MACD is negative and declining, while CCI has crossed down the 100 line on the 1 hour chart, giving overall all light short signals.
Technical resistance levels: 1.3226 1.3340 1.3464
Technical support levels: 1.3102 1.2985 1.2860
Yesterday we made +29 pips profit on EUR/USD from the following sent to clients only signal:
5:19 GMT Sell EUR/USD at 1.3196 SL 1.3222 TP 1.3146, exit sent 9:37 GMT+1.
Total yesterday +160, as shown in details at