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EUR/USD Technical Analysis
(Euro / US Dollar)
Updated the: 05/22/2013 |
EUR/USD : Towards a return below 1.30 |
Sentiment :  1,29  1,29  |
--- Follow up analysis ---
The pair EUR/USD has validated yesterday a return above 1.29, giving us a buy signal.
The price is now moving into a short-term ascending flag (brown segment on the 1H chart). The pair has confirmed its return above the center line of the medium / long term bearish channel (orange line). I advise to trade the pair EUR/USD based on 1.29: Currently valid - Only long positions above 1.29. A break of 1.2950 will offer a new buy signal an extension of the correction and a return on 1.30. - Only short positions below 1.29 (short term flag output). A break of 1.2850 will offer a new sell signal for a return on 1.28 Full analysis Analysis published by Vincent, the 05/22/2013 at 09h55 GMT+2 |
Chart of the pair EUR/USD - Timeframe 1H |
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Live EUR/USD Chart - Timeframe : 1H*
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