9/07/2013 6:20 GMT

There are no doubts that EUR/USD is in strong bearish trend. From begin of this week there is correction, but still it’s only correction so traders should look only for short traders. There are weak macro news from Euro Zone and we can expect soon back to trend. Especially because EUR/USD finally reach some resistance. Its zone between 1.28950 – 1.29200. Here after some clear sell signals shorts will be good idea. If price break it next resistance is 1.3000.

Trade only with trend, thats why only selling is an option.


EUR/USD - return to bearish trend 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.