11/07/2013 7:00 GMT

There were dynamic change of trend on EUR/USD yesterday after FOMS meeting minutes and Bernanke’s speach. Now there are no doubts that traders should look only for longs.

There can be nice opportunity now because price is in support area between 1.306 – 1.3085. Here after buy signals traders can open longs.

Next support is 1.3000. Resistance we should look on is 1.3150. It was broken but market cannot close above it.



Dynamic change of trend on EUR/USD. Where to open longs?

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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.

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