18/06/2013 5:50GMT

Yeasterday in article:
Bigger moves on EUR/USD afer breaking Triangle Pattern? I wrote about Triangle Pattern on EUR/USD. It was broken twice and couse big move near 20GMT yesterday. It was caused by article in Financial Times about end of QE in Wednesday.

Eurodolar wasn’t able to break maximum from 13 June and fall down. For few hours 1.3360 was support but it was brokern and now it will be resistance. Whole blue market area is resistance and after breaking it we can spreak about bigger moves on EUR/USD.

There can be good opportunity for longs on 1.3330 where there is support and upper line of Triangle Pattern.


Fake breakout from triangle patter?

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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.