EUR/USD Open 1.3320 High 1.3385 Low 1.3311 Close 1.3312

On Tuesday Euro/Dollar traded within 70 pip range. The European currency depreciated from 1.3385 to 1.3311 yesterday, not matching the positive Interbank sentiment projection at almost +28%, closing the day at 1.3312. This morning the Euro is trading quietly, with movements at the lower end of yesterday's range for now. On the 1 hour chart new upward channel has formed, while on the 3 hour chart quotes are still moving within range. Break above the nearest resistance and yesterday's top at 1.3385 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.3311, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3200. Today's focus is on France GDP Q4, EU17 M3 money supply, Italy Business confidence, and Germany CPI and HICP, at 5:30, 8, 9 and 12 GMT respectively. Quotes are moving in line with the 20 and just above the 50 EMA on the 1 hour chart, indicating short term neutral and medium term slim bullish pressure. The value of the RSI indicator is positive and inclining upwards, MACD is neutral and quiet, while CCI is in line with the 100 line on the 1 hour chart, giving overall neutral to light long signals.
Technical resistance levels: 1.3385 1.3500 1.3622
Technical support levels: 1.3311 1.3200 1.3076
Yesterday we made +19 pips profit on EUR/USD from the following sent to clients only signal:
5:20 GMT Sell EUR/USD at 1.3347 SL 1.3373 TP 1.3297, exit sent 8:19 GMTGMT+1.
Total yesterday +83, as shown in details at