EUR/USD Open 1.3173 High 1.3187 Low 1.3048 Close 1.3170

On Friday Euro/Dollar continued recovering with 140 pips. The European currency appreciated from 1.3048 to 1.3187 on Friday, matching the positive Interbank sentiment projection at over +3%, closing the week at 1.3170. This morning the Euro is trading quietly, at the upper end of Friday's range for now. On the 1 hour chart the downward channel is on hold, while on the 3 hour chart range trading has formed. Break above the nearest resistance and Friday's top at 1.3187 may trigger further strengthening of the Euro. Going bellow Friday's bottom and first support at 1.3048, however, would confirm continuation of the bearish trend, towards next objective downwards 1.2928. Today's focus is on Italy Industrial orders and EU17 Current account, both at 9 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 positive 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: 1.3187 1.3300 1.3423
Technical support levels: 1.3048 1.2928 1.2800
On Friday we made +14 pips profit on EUR/USD from the following sent to clients only signal:
5:18 GMT Buy EUR/USD at 1.3081 SL 1.3055 TP 1.3131, exit sent 6:36 GMT+1.
Total on Friday +89, as shown in details at http://www.zifx.com/performance-past.php.

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