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Technical analysis of the EUR/USD pair on March 1st, 2012
After a double top below 1.35, the pair EUR/USD felt yesterday below 1.34.
The pair continues to move into its bullish channel (purple lines) and is going to test the next support at 1.33.
Indicators are mitigated.
We stay neutral on the pair between 1.33 and 1.34.
We advise to wait an exit of this range to take position:
- Long above 1.34. The breakout of 1.35 will give a new buy signal
- Short below 1.33. The breakout of 1.32 will give a new sell signal.