Hello traders, this morning let’s take a look at the Eurodollar. First of all we notice that a new half-yearly cycle is about to start, but we are also closing half-yearly cycle, how could we behave?

The day before yesterday the price closed above what was a resistance encountered in December ’20, January ’21 and March ’21, and yesterday it closed right on its level making it support. From here we could look for a long that goes to look for the six-month highs around 1.2330 and 1.2268, close the longs and position ourselves short for the close of the six-month cycle around mid-June ’21.