EUR/USD 1.2253 - 1 June 2010
EUR/USD Open 1.2286 High 1.2331 Low 1.2247 Close 1.2304

After partial gains and losses last week, on Monday Euro/Dollar traded in a similar manner. Euro/Dollar appreciated from 1.2254 to 1.2331 yesterday, in converse with the Interbank sentiment projection, at around -10%, than lowered down to 1.2269, closing the day at 1.2304. On the 1 hour chart the Euro is in a consolidation phase. Break above the nearest resistance and yesterday's top at 1.2394 should trigger further rising of the Euro. Going bellow this morning's bottom and first support at 1.2247, however, would confirm continuation of the bearish trend, towards next objective downwards 1.2153. Today's focus is on France PPI, Italy PMI, Germany PMI and Unemployment, EU 16 PMI, and EU 16 Unemployment at 6:45, 7.45, 7:55, 8 and 9 GMT respectively. Quotes are moving just bellow the 20 and 50 EMA on the 1 hour chart, indicating slim bearish pressure. The value of the RSI indicator is positive and climbing, MACD is negative and calm, while CCI is about to cross up the 100 line and quiet on the 1 hour chart, giving overall light long signals.Technical resistance levels: 1. 2331 1.2434 1.2500Technical support levels: 1.2247 1.2153 1.2050

Trading range: 1.2240 - 1.2315Trend: UpwardBuy at 1.2253 SL 1.2223 TP 1.2303

Yesterday we made +34 pips profit on EUR/USD from the following signal:5:37 GMT+1 Buy EUR/USD at 1.2300 SL 1.2274 TP 1.2350 exit at 6:32 GMT+1.Total yesterday +131, as shown in details at http://www.zifx.com/performance.php.