21/08/2013

EUR/USD again all big banks and their informations about opening shorts for last days broke 1.3417 resistance. Reaction was not big as expected, that means many investor moved their stops higher or close shorts before.

Now there is bearish correction and traders should look for signals to enter longs. It can be near 1.3370 or lower on 1.3300.

If there is no rapid down move price should close above 1.3417 and move to high from Janury seems to be a matter of time. That means 300pips move.



EUR/USD broke key resistance. Another 300 pips up is a matter of time?

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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.