EUR/USD Open 1.3482 High 1.3541 Low 1.3429 Close 1.3486

On Monday Euro/Dollar traded within 110 pip range. The European currency appreciated from 1.3429 to 1.3541 on yesterday, matching the neutral Interbank sentiment projection at under -2%, closing the day at 1.3486. This morning the Euro is trading hesitantly, but still within yesterday's range for now. On the 1 hour chart the downward channel has slowed down, while on the 3 hour chart wide range trading has formed. Break above the nearest resistance and yesterday's top at 1.3541 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.3429, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3316. 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 thinly positive and calm, MACD is neutral and quiet, while CCI is in line with the 100 line on the 1 hour chart, giving overall all neutral signals.
Technical resistance levels: 1.3541 1.3660 1.3785
Technical support levels: 1.3429 1.3316 1.3190

Trading range: 1.3505 - 1.3430
Trend: Downward
Sell at 1.3491 SL 1.3521 TP 1.3441

Yesterday we made +50 pips profit on EUR/USD from the following sent to clients only signal:
5:25 GMT Sell EUR/USD at 1.3521 SL 1.3547 TP 1.3471, TP reached at 8:12 GMT+1.
Total yesterday +145, as shown in details at http://www.zifx.com/performance.php.

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