andrew.berg
Long

EURUSD heading to the next resistance

FX:EURUSD   Euro / U.S. Dollar
Pair formed its bottom around 1.35200 and broke up resistance at 1.35800. Above that traders accepted new prices and after break up of tight consolidation it accelerated to upside and topped at 1.36400. After such a big nove in short time it took some time to absorb this price action and it have built series of higher highs and lower lows - indecision pattern ( wedge ) that was resolved to upside. If you baught near bottom of this wedge then you can add here. I want to see how buyers will hold 1.36123 previous high which now should act like support. I will measure strength with 8/21 EMAs. My intermidiateTARGET is 1.36328, the resistance zone around 1.36400. I dont want it to see below 1.36100 (1/2 of recent up move) if buyers want to keep control.

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