21/06/2013 6:35GMT

EUR/USD stopped on very important support: 1.3175, where is also 38,2% Fibo of last up-trend. Now price is under very strong resistance 1.3240, na price rejected it. If there will be clear sell signal there it is good opportunity to open shorts. But it looks like horizontal trend is most possible in next sessions in 1.3175 – 1.3240 range.
Price can also go higher to key resistance on 1.3300, and it can be another level to open shorts. Longs after such big bearish momentum are not good idea until price is below 1.3300.


It's time for cooldwon on EUR/USD and trade in 1.3175 - 1.3240 range

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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.