13/08/2013 7:30 GMT

Last week I made some anticipation of EUR/USD moves in article: EUR/USD near key resistance. More bullish move is almost sure?. First 2 parts are done – there was grow up to resistance, than fall down to up-trend line. Now there are 2 scenarios: rapid bullish trend – but price reaction is too little for that, or slow move up than retest of trend line and support (marked gold on chart) and than attack on June high: 1.3418.

This is very interesting level. Many stop losse are there, even some institutions have stops there like: Merrill Lynch, Commerzbank, Credit Suisse, Barclays Capital. Breaking this level will trigger all this orders and probably cause very rapid move even to 1.3500.



EUR/USD on trend line. Everyone is waiting for more bearish moves but there will be no more down trend?

Error, group does not exist! Check your syntax! (ID: 3)
SHARE
Previous articleOne Touch Binary system – proposals for 8 August 2013
Next articleSuccessful investing in Binary Options Part 5
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.