EUR/USD Open 1.3252 High 1.3267 Low 1.3210 Close 1.3247

On Wednesday Euro/Dollar traded within narrow 55 pip range. The European currency appreciated from 1.3210 to 1.3267 yesterday, matching the positive Interbank sentiment projection at over +15%, closing the day at 1.3247. This morning the Euro is trading quietly, with movements within yesterday's range for now. On the 1 hour chart quotes are at the upper end of the trading range, while on the 3 hour chart the upward channel is still on hold. Break above the nearest resistance and yesterday's top at 1.3267 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.3210, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3092. Today's focus is on Germany IFO business climate index and Italy Consumer confidence, both at 9 GMT. Quotes are moving just above the even 20 and 50 EMA on the 1 hour chart, indicating slim bullish pressure. The value of the RSI indicator is positive and hesitant, MACD is neutral and quiet, while CCI has crossed up the 100 line on the 1 hour chart, giving overall all neutral to light long signals.
Technical resistance levels: 1.3267 1.3380 1.3500
Technical support levels: 1.3210 1.3092 1.2970
Yesterday we made +38 pips profit on EUR/USD from the following sent to clients only signal:
5:18 GMT Buy EUR/USD at 1.3225 SL 1.3199 TP 1.3275, exit sent 7:54 GMT+1.
Total yesterday +108, as shown in details at http://www.zifx.com/performance-past.php.

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