EUR/USD Open 1.3114 Low 1.2983 High 1.3169 Close 1.3125

On Friday Euro/Dollar continued increasing with 180 pips after the Fed. The European currency appreciated from 1.2983 to 1.3169 on Friday, matching the positive money flow sentiment at over 31%, closing the week at 1.3125. This morning the Euro is trading quietly, with movements at the upper end of Friday's range for now.

On the 1 hour chart the upward channel has sharpened its angle, while on the 3 hour chart the upward channel is intact. Break above the nearest resistance and Friday's top at 1.3169 may trigger further strengthening of the Euro. Going bellow Friday's bottom and first support at 1.2983, however, would confirm continuation of the bearish trend, towards next objective downwards 1.2870.

Today's focus is on EU17 Current account, Trade balance, and US NY Fed Empire State manufacturing index, at 8, 9, and 12:30 GMT respectively.

Quotes are moving above the 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 over all light long signals.

Technical resistance levels: 1.3169 1.3280 1.3400
Technical support levels: 1.2983 1.2870 1.2746

On Friday we made +50 pips profit/loss on EUR/USD from the following sent to clients only signal:
9:06 GMT+1 Buy EUR/USD at 1.3023 SL 1.2997 TP 1.3073, TP reached at 11:11 GMT+1.
Total on Friday +161, as shown at