EUR/USD Lifts On Greek Debt Resolution Hopes

On Tuesday Euro/Dollar increased with 180 pips on Greek debt resolution hopes. The European currency appreciated from 1.3088 to 1.3270 yesterday, matching the positive Interbank sentiment projection at almost +6%, closing the day at 1.3259. This morning the Euro is trading quietly, moving at the upper side of yesterday's range for now. On the 1 hour chart the upward channel is making renewal attempts, while on the 3 hour chart range trading has formed. Break above the nearest resistance and yesterday's top at 1.3270 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.3088, however, would confirm continuation of the bearish trend, towards next objective downwards 1.2970. Today's focus is on Germany Current account and Trade balance, both 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 positive and declining, MACD is positive and calm, while CCI has thinly crossed up the 100 line on the 1 hour chart, giving overall all light long signals.

Technical resistance levels: 1.3270 1.3381 1.3500

Technical support levels: 1.3088 1.2970 1.2848

Trading range: 1.3240 - 1.3310

Trend: Upward

Buy at 1.3250 SL 1.3220 TP 1.3300

Yesterday we made +13 pips profit on EUR/USD from the following sent to clients only signal:

7:45 GMT Sell EUR/USD at 1.3109 SL 1.3135 TP 1.3059, exit sent at 5:51 GMT+1.

Total yesterday +103, as shown in details at http://www.zifx.com/performance.php.