12.06.2013 6:30 GMT
Eurodolar is on very interesting level now. After breaking 1.32400 and negate Head and Shoulders pattern price reached resistance on 1.3320. It’s made by high from 25.02 and just near there is 61,8% Fibonacci retracement of whole down trend.
Traders should consider longs only because of strong bullish momentum, thats why waiting for 1.3240 or 1.3180 supports is best option. Those are good levels to open longs if there are some clear signals like pin bar.
Breaking resistance area (marked blue on chart) will bring price up to next strong resistance – 1.3500.
Analysis are made in broker with best spreads and low commission: Armada Markets.
Try free Demo account: DEMO
or real account: REAL with 5% lower commission from Comaric.com!
