EUR/USD Open 1.3787 High 1.3873 Low 1.3710 Close 1.3784

On Friday Euro/Dollar decreased with 160 pips on Greece woes. The European currency depreciated from 1.3873 to 1.3710 on Friday, not matching the positive Interbank sentiment projection at above +6%, closing the week at 1.3784. This morning the Euro is trading hesitantly, with movements within Friday's range for now. On the 1 hour chart range trading has formed, while on the 3 hour chart wider range trading has emerged. Break above the nearest resistance and Friday's top at 1.3873 may trigger further strengthening of the Euro. Going bellow Friday's bottom and first support at 1.3710, however, would confirm continuation of the bearish trend, towards next objective downwards 1.3600. Today's focus is on EU17 Retail sales and Germany Industrial production, at 9 and 10 GMT respectively. Quotes are moving just bellow the 20 and in line with the 50 EMA on the 1 hour chart, indicating short term slim bearish and medium term neutral pressure. The value of the RSI indicator is negative and calm, MACD is neutral and quiet, while CCI has thinly crossed down the 100 line on the 1 hour chart, giving overall all neutral to light short signals.
Technical resistance levels: 1.3873 1.3990 1.4117
Technical support levels: 1.3710 1.3600 1.3479

Trading range: 1.3750 - 1.3820
Trend: Upward
Buy at 1.3760 SL 1.3730 TP 1.3810

On Friday we made +38 pips profit on EUR/USD from the following sent to clients only signal:
6:07 GMT Sell EUR/USD at 1.3827 SL 1.3853 TP 1.3777, exit sent at 7:52 GMT+1.
Total on Friday +131, as shown in details at