26/06/2013 6:45 GMT

EUR/USD is very predictable. There was a test of 1.3240 as resistance, after that Euro/Dollar fell down, and it is in very interesting zone between 1.3060 support and 61,8% retracement
of last up-trand. Close below it there is another strong resistance on 1.3300.

Bearish trend should be cool down and there is high probability of correction. It should reach area between 1.31760 – 1.31520 and there after sell signals traders should open shorts. Longs are not an option because of strong bearish momentum.

If price breaks 1.3000 next support is on minimum from 17 May and it is 1.2795.

Its time for correction on EUR/USD

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