28/06/2013 7:20 GMT

EUR/USD broke first resistance on 1.306 than tested it from above. It probably means that price will go to next strong level: 1.3150 where there is technical resistance and 38,2% Fibonacci retracement of last bearish moves.

If price get there traders can look for short signals. After falling down most important will be 1.3000. Breaking it means rapid down-trend, other way cool down of bearish trend.

Bigger correction on EUR/USD. Target: 1.3150

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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.