17/06/2013 7:00GMT

We can see emerging Traingle Pattern on Eurodolar. We can see clear top trend line that will be resistance. If price break it there can be some rapid move and test of 1.3400 resistance.

How to trade it? If there will be a break, lets just wait for re-test of trend line and after some buy signal open position.

From below we can see suport on 1.33200 and psychological level on 1.3300 with big orders.

Triangle pattern

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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.