EUR/USD Open 1.3227 High 1.3256 Low 1.3142 Close 1.3236

On Monday Euro/Dollar continued increasing with 110 pips. The European currency appreciated from 1.3142 to 1.3256 yesterday, matching the positive Interbank sentiment projection at almost +6%, closing the day at 1.3236. This morning the Euro is trading quietly, at the upper end of yesterday's range for now. On the 1 hour chart range trading has formed, while on the 3 hour chart quotes are moving within wider range. Break above the nearest resistance and yesterday's top at 1.3256 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.3142, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3024. Today's focus is on Germany PPI at 7 GMT. 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 negative and declining, MACD is positive and quiet, while CCI has thinly crossed up the 100 line on the 1 hour chart, giving overall neutral to light long signals.
Technical resistance levels: 1.3256 1.3373 1.3500
Technical support levels: 1.3142 1.3024 1.2900
Yesterday we made +11 pips profit on EUR/USD from the following sent to clients only signal:
5:18 GMT Buy EUR/USD at 1.3168 SL 1.3142 TP 1.3218, exit sent 6:46 GMT+1.
Total yesterday +55, as shown in details at http://www.zifx.com/performance-past.php.

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