EUR/USD Open 1.4376 High 1.4438 Low 1.4323 Close 1.4354

On Friday Euro/Dollar decreased insignificantly with 110 pips. The European currency depreciated from 1.4438 to 1.4323 on Friday, matching the negative Interbank sentiment projection at almost -2%, closing the week at 1.4354. This morning the European currency is trading quietly, and within Friday's range for now. On the 1 hour chart new upward channel has formed, while on the 3 hour chart trading has moved into a wide range. Break above the nearest resistance and Friday's top at 1.4438 may trigger further strengthening of the Euro. Going bellow Friday's bottom and first support at 1.4323, however, would confirm continuation of the bearish trend, towards next objective downwards 1.4212. Today's focus is on Italy Consumer confidence at 8 GMT. Quotes are moving in line with the 20 and above the 50 EMA on the 1 hour chart, indicating short term neutral and medium term bullish pressure. The value of the RSI indicator is positive and inclining upwards, MACD is positive and quiet, while CCI is in line with the 100 line on the 1 hour chart, giving overall light long signals.
Technical resistance levels: 1.4438 1.4550 1.4668
Technical support levels: 1.4323 1.4212 1.4100

Trading range: 1.4360 - 1.4435
Trend: Upward
Buy at 1.4372 SL 1.4342 TP 1.4422

On Friday we made +50 pips profit on EUR/USD from the following signal:
5:30 GMT+1 Buy EUR/USD at 1.4381 SL 1.4355 TP 1.4431, TP reached at 8:13 GMT+1.
Total on Friday +110, as shown in details at http://www.zifx.com/performance.php.

"ZIFX.com