EUR/USD Open 1.4265 High 1.4274 Low 1.4132 Close 1.4212

On Wednesday Euro/Dollar increased with 120 pips on upcoming EU Summit hopes. The European currency appreciated from 1.4132 to 1.4274 yesterday, not matching the negative Interbank sentiment projection at under -4%, closing the day at 1.4212. This morning the European currency is trading quietly, and within yesterday's range for now. On the 1 hour chart new upward channel is emerging, while on the 3 hour chart trading is moving into a range. Break above the nearest resistance and yesterday's top at 1.4274 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.4132, however, would confirm continuation of the bearish trend, towards next objective downwards 1.4017. Today's focus is on France, Germany and EU17 PMI at 7:30 and 8 GMT respectively. Quotes are moving just above the 20 and 50 EMA on the 1 hour chart, indicating slim bullish pressure. The value of the RSI indicator is positive and calm, MACD is positive and quiet too, while CCI has thinly crossed up the 100 line on the 1 hour chart, giving overall light long signals.
Technical resistance levels: 1.4274 1.4385 1.4500
Technical support levels: 1.4132 1.4017 1.3900

Trading range: 1.4240 - 1.4315
Trend: Upward
Buy at 1.4252 SL 1.4222 TP 1.4302

Yesterday we made +47 pips profit on EUR/USD from the following signal:
5:30 GMT+1 Buy EUR/USD at 1.4157 SL 1.4131 TP 1.4207, exit sent at 9:10 GMT+1.
Total yesterday +122, as shown in details at http://www.zifx.com/performance.php.

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