EUR/USD Open 1.3137 High 1.3237 Low 1.3076 Close 1.3142

On Monday Euro/Dollar decreased significantly with 160 pips. The European currency depreciated from 1.3237 to 1.3076 yesterday, not matching the positive Interbank sentiment projection at over +23%, closing the day at 1.3142. This morning the Euro stabilized on Greek debt hopes, with movements still within yesterday's range for now. On the 1 hour chart the upward channel is intact, while on the 3 hour chart the new upward channel looks good. Break above the nearest resistance and yesterday's top at 1.3237 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.3076, however, would confirm continuation of the bearish trend, towards next objective downwards 1.2955. Today's focus is on France PPI and Consumer spending, Germany Unemployment, Italy PPI, and EU17 Unemployment, at 7:45, 8:55, 9 and 10 GMT respectively. Quotes are moving above the close 20 and 50 EMA on the 1 hour chart, indicating bullish pressure. The value of the RSI indicator is positive and calm, MACD is positive and inclining upwards, while CCI has crossed up the 100 line on the 1 hour chart, giving overall all light long signals.
Technical resistance levels: 1.3237 1.3357 1.3484
Technical support levels: 1.3076 1.2955 1.2830

Trading range: 1.3175 - 1.3245
Trend: Upward
Buy at 1.3185 SL 1.3155 TP 1.3235

Yesterday we made +50 pips profit on EUR/USD from the following sent to clients only signal:
5:20 GMT Sell EUR/USD at 1.3178 SL 1.3204 TP 1.3128, TP reached at 9:48 GMT+1.
Total yesterday +150, as shown in details at http://www.zifx.com/performance.php.

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