EUR/USD Open 1.2752 High 1.2818 Low 1.2728 Close 1.2776

On Tuesday Euro/Dollar traded within 80 pip range. The European currency appreciated from 1.2741 to 1.2818 yesterday, not matching the negative Interbank sentiment projection at almost -8%, closing the day at 1.2776. This morning the Euro lost some ground, descending down to 1.2728. On the 1 hour chart the downward channel is on hold, while on the 3 hour chart the downward channel is still intact. Break above the nearest resistance and yesterday's top at 1.2818 may trigger further strengthening of the Euro. Going bellow today's bottom and first support at 1.2728, however, would confirm continuation of the bearish trend, towards next objective downwards 1.2617. Today's focus is on Germany and EU17 GDP, at 8 and 10 GMT respectively. Quotes are moving just bellow the close 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 neutral and quiet, while CCI has thinly crossed down the 100 line on the 1 hour chart, giving overall all light short signals.
Technical resistance levels: 1.2818 1.2930 1.3051
Technical support levels: 1.2728 1.2617 1.2500

Trading range: 1.2725 - 1.2800
Trend: Upward
Buy at 1.2739 SL 1.2709 TP 1.2789

Yesterday we made +18 pips profit on EUR/USD from the following sent to clients only signal:
8:07 GMT Sell EUR/USD at 1.2760 SL 1.2786 TP 1.2710, exit sent at 8:39 GMT+1.
Total yesterday +79, as shown in details at http://www.zifx.com/performance.php.

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