08/08/2013 7:00 GMT

EUR/USD reached key resistance on 1.3345 – top from 31 July. It was broken a little bit but still more definitely moves are needed. Anyway it seems that Euro/Dollar is going strait to 1.3417 and what happen there will be most important.

If price cannot break it in first move, there can be some correction down to support. Area marked blue is very good to open longs in such case. There is up-trend line and strong 1.3300 technical support in one place. Long with target on at least 1.3417, but probably much higher.



EUR/USD near key resistance. More bullish move is almost sure?

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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.