EUR/USD Open 1.3438 High 1.3557 Low 1.3420 Close 1.3459

On Wednesday Euro/Dollar traded within 135 pip range. The European currency depreciated from 1.3557 to 1.3420 yesterday, matching the negative Interbank sentiment projection at almost -2%, closing the day at 1.3459. This morning the Euro is trading quietly, and within yesterday's range for now. On the 1 hour chart new downward channel has emerged, while on the 3 hour chart wide range trading has formed. Break above the nearest resistance and yesterday's top at 1.3557 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.3420, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3300.There are no major economic events for EU today. Quotes are moving in line with the 20 and bellow the 50 EMA on the 1 hour chart, indicating short term neutral and medium term bearish pressure. The value of the RSI indicator is negative and declining, MACD is negative and quiet, while CCI is in line with the 100 line on the 1 hour chart, giving overall all neutral to light short signals.
Technical resistance levels: 1.3557 1.3674 1.3800
Technical support levels: 1.3420 1.3300 1.3177

Trading range: 1.3525 - 1.3450
Trend: Downward
Sell at 1.3513 SL 1.3543 TP 1.3463

Yesterday we made +22 pips profit on EUR/USD from the following sent to clients only signal:
5:27 GMT Sell EUR/USD at 1.3450 SL 1.3476 TP 1.3400, exit sent at 6:58 GMT+1.
Total yesterday +125, as shown in details at http://www.zifx.com/performance.php.

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