EUR/USD Open 1.4364 High 1.4487 Low 1.4323 Close 1.4375

On Monday Euro/Dollar was trading quietly within 95 pip range. The European currency depreciated from 1.4419 to 1.4323 yesterday, matching the neutral Interbank sentiment projection at under +1%, closing the day at 1.4375. This morning the European currency commenced climbing on US debt issue hanging. 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 today's top at 1.4487 may trigger further strengthening of the Euro. Going bellow yesterday'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 France Consumer confidence at 6:45 GMT. Quotes are moving above the almost even 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 quiet too, while CCI has crossed up the 100 line on the 1 hour chart, giving overall long signals.
Technical resistance levels: 1.4487 1.4600 1.4716
Technical support levels: 1.4323 1.4212 1.4100

Trading range: 1.4460 - 1.4530
Trend: Upward
Buy at 1.4470 SL 1.4440 TP 1.4520

Yesterday we made +39 pips profit on EUR/USD from the following signal:
6:01 GMT+1 Buy EUR/USD at 1.4347 SL 1.4321 TP 1.4397, exit sent at 7:37 GMT+1.
Total yesterday +143, as shown in details at