EUR/USD Open 1.2518 High 1.2567 Low 1.2480 Close 1.2509

On Friday Euro/Dollar decreased with 85 pips. The European currency depreciated from 1.2567 to 1.2480 on Friday, matching the negative money flow sentiment at over -11%, closing the week at 1.2509. This morning the Euro is trading quietly, with movements within Friday's range for now.

On the 1 hour chart the upward channel is on hold, while on the 3 hour chart wide range trading has formed. Break above the nearest resistance and Friday's top at 1.2567 may trigger further strengthening of the Euro. Going bellow Friday's bottom and first support at 1.2480, however, would confirm continuation of the bearish trend, towards next objective downwards 1.2366.

Today's focus is on Germany Import prices and IFO business climate index and France Unemployment, at 6, 8 and 14 GMT respectively.

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 calm, MACD is positive and quiet too, while CCI has crossed down the 100 line on the 1 hour chart, giving over all neutral signals.

Technical resistance levels: 1.2567 1.2680 1.2800
Technical support levels: 1.2480 1.2366 1.2245

On Friday we made +7 pips profit/loss on EUR/USD from the following sent to clients only signal:
5:17 GMT+1 Buy EUR/USD at 1.2557 SL 1.2531 TP 1.2607, exit sent at 6:47 GMT+1.
Total on Friday +52, as shown at http://www.zifx.com/performance-past.php.

"EUR/USD