EUR/USD Open 1.4365 High 1.4452 Low 1.4257 Close 1.4391

On Friday Euro/Dollar increased significantly with almost 200 pips. The European currency appreciated from 1.4257 to 1.4452 on Friday, matching the positive Interbank sentiment projection at over +2%, closing the week at 1.4391. This morning the Euro is trading quietly against the Dollar, with movements within Friday's range for now. On the 1 hour chart quotes are back into the range, while on the 3 hour chart trading is within wider range. Break above the nearest resistance and Friday's top at 1.4452 may trigger further strengthening of the Euro. Going bellow Friday's bottom and first support at 1.4257, however, would confirm continuation of the bearish trend, towards next objective downwards 1.4140. There are no major economic events for EU today. Quotes are moving almost in line with the crossedand close 20 and 50 EMA on the 1 hour chart, indicating neutral market. The value of the RSI indicator is negative and declining, MACD is positive and quiet, while CCI is in line with the 100 line on the 1 hour chart, giving overall neutral signals.
Technical resistance levels: 1.4452 1.4568 1.4685
Technical support levels: 1.4257 1.4140 1.4019

Trading range: 1.4350 - 1.4425
Trend: Upward
Buy at 1.4364 SL 1.4333 TP 1.4414

On Friday we made +50 pips profit on EUR/USD from the following signal:
5:27 GMT+1 Sell EUR/USD at 1.4310 SL 1.4336 TP 1.4260, TP reached at 8:47 GMT+1.
Total on Friday +112, as shown in details at http://www.zifx.com/performance.php.

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