13.06.2013 7:30GMT

Eurodolar is in strong up-trend and it’s going to 1.3400 and 1.3500,. Yesterday in: EUR/USD on resistance. What is near future of this pair? I wrote that Traders should consider only longs and best way to trade was taking them near support. EUR/USD broker 1.3320 resistance and re-tested it from above. That was best way to open longs.

Now price is going to 1.3400 and than to 1.3500 resistance. Still momentum is bullish so no shorts here. Just wait for some corrections to open longs after some clear signals on supports. That can be 1.3360, 1.3340 or 1.3320.

Price can also break 1.3400 and then re-test it. It will be also good opportunity to go long or add to existing longs.


Strong uptrend on EUR/USD

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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.