27/06/2013 6:40 GMT

EUR/USD has tested 1.3000. Price rejected it and now slowly is going up.

First resistance is on 1.3060 and this will be opportunity to open short if there are some sell signals. If not and price will go further level 1.31500 is very important. It is 38,2 Fibonacci retracement of last down-trend and technical resistance. Short from this level should be hold to 1.3000 support. Bearish momentum is strong so it should be break.



1.3000 on EUR/USD defended. Time for correction and another test of support.




Analysis are made in broker with best spreads and low commission: Armada Markets.

Try free Demo account: DEMO

or real account: REAL with 5% lower commission from Comaric.com!

Error, group does not exist! Check your syntax! (ID: 3)
SHARE
Previous articleIts time for correction on EUR/USD
Next articleOne Touch Binary Options Strategy. 27 June trades
Marcin Wenus
Comparic.com Editor-in-Chief. Trading since 2004, professionally connected with Forex market since 2006. Fan of technical approach to the markets – currently focuses on Ichimoku Kinko Hyo and Price Action strategies. He focuses on favorable risk-reward ratio in his own transactions. Speaker at many conferences on investment in capital markets, as a lecturer he cooperates with the largest brokerages in Poland and in the world. Vice President of the FxCuffs Foundation – Education and Development of Financial Markets.

RELATED ARTICLESMORE FROM AUTHOR