EUR/USD Open 1.3382 High 1.3424 Low 1.3342 Close 1.3372

On Friday Euro/Dollar decreased insignificantly with 65 pips. The European currency depreciated from 1.3424 to 1.3359 on Friday, not matching the positive Interbank sentiment projection at almost +8%, closing the week at 1.3424. This morning the Euro dropped first to 1.3342, than commenced recovering. On the 1 hour chart small angle upward channel has formed, while on the 3 hour chart the downward channel has slowed down. Break above the nearest resistance and Friday's top at 1.3424 may trigger further strengthening of the Euro. Going bellow today's bottom and first support at 1.3342, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3226. Today's focus is on Germany Current account, France and Italy Industrial production, at 6, 6:45 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 neutral and calm, MACD is thinly positive and quiet, while CCI has crossed up the 100 line on the 1 hour chart, giving overall light long signals.
Technical resistance levels: 1.3424 1.3540 1.3664
Technical support levels: 1.3342 1.3226 1.3100

Trading range: 1.3445 - 1.3520
Trend: Upward
Buy at 1.3456 SL 1.3426 TP 1.3506

On Friday we made +36 pips profit on EUR/USD from the following sent to clients only signal:
5:25 GMT+1 Buy EUR/USD at 1.3428 SL 1.3402 TP 1.3478, exit sent at 8:22 GMT+1.
Total on Friday +134, as shown in details here.

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