30/07/2013

EUR/USD is in bullish trend. Yesterday price tested at least 1.3240. Price bounce from it showing that it is working.

Many traders have longs now opened around this level. There are many stop losses in 1.3000 – 1.3240 area, so every move below support can be rapid. But still up-trend is still more probable.

Watch out for fake break down before bulls break 1,3230 and test June maximum on 1.3417.



EUR/USD closed between 1.3240 - 1.3230. Break today?

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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.