EUR/USD Open 1.3046 High 1.3085 Low 1.3027 Close 1.3055

On Monday Euro/Dollar traded within 60 pip range. The European currency appreciated from 1.3027 to 1.3119, matching the neutral Interbank sentiment projection at under +1%, closing the day at 1.3055. This morning the Euro is trading quietly, and at the upper end of yesterday's range for now. On the 1 hour chart the downward channel is still on hold, while on the 3 hour the downward channel is hanging too. Break above the nearest resistance and yesterday's top at 1.3085 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.3027, however, would confirm continuation of the bearish trend, towards next objective downwards 1.2916. Today's focus is on France Consumer confidence at 7:45 GMT. Quotes are moving just above the even 20 and 50 EMA on the 1 hour chart, indicating slim bullish pressure. The value of the RSI indicator is positive and inclining upwards, MACD is neutral and quiet, while CCI has crossed up the 100 line on the 1 hour chart, giving overall all light long signals.
Technical resistance levels: 1.3085 1.3200 1.3323
Technical support levels: 1.3027 1.2916 1.2800

Trading range: 1.3090 - 1.3025
Trend: Downward
Sell at 1.3076 SL 1.3106 TP 1.3036

On Friday we made +33 pips profit on EUR/USD from the following sent to clients only signal:
5:22 GMT Buy EUR/USD at 1.3064 SL 1.3038 TP 1.3114, exit sent at 6:39 GMT+1.
Total on Friday +84, as shown in details at http://www.zifx.com/performance.php.

ZIFX.com