EUR/USD Open 1.3121 High 1.3141 Low 1.3057 Close 1.3120

On Wednesday Euro/Dollar decreased with 85 pips. The European currency depreciated from 1.3141 to 1.3057 yesterday, not matching the positive Interbank sentiment projection at almost +7%, closing the day at 1.3120. This morning the Euro is trading quietly, with movements at the upper end of yesterday's range for now. On the 1 hour chart small range trading is forming, while on the 3 hour chart quotes returned into the wide trading range. Break above the nearest resistance and yesterday's top at 1.3141 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.3057, however, would confirm continuation of the bearish trend, towards next objective downwards 1.2942. Today's focus is on Italy Industrial orders at 8 GMT. Quotes are moving about in line with the even 20 and 50 EMA on the 1 hour chart, indicating neutral market. The value of the RSI indicator is neutral and declining, MACD is neutral and quiet, while CCI has thinly crossed up the 100 line on the 1 hour chart, giving overall neutral signals.
Technical resistance levels: 1.3141 1.3256 1.3380
Technical support levels: 1.3057 1.2942 1.2820
Yesterday we made +26 pips profit on EUR/USD from the following sent to clients only signal:
8:12 GMTGMT+1 Sell EUR/USD at 1.3105 SL 1.3131 TP 1.3055, exit sent 10:01 GMTGMT+1.
Total yesterday +77, as shown in details at