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EUR/USD : End of the uptrend ?


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#1 ⇑ Haut ⇑ 06-02-2013 09:52:15

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EUR/USD : End of the uptrend ?

The pair EUR/USD rebounded yesterday to make a pullback on the resistance at 1.36.
This morning, the price is falling again below 1.3550 and towards the parallel line of its previous uptrend channel (dotted brown line).

I advise traders to trade the pair based on the key point at 1.3550:

Currently valid - Only short positions below 1.3550. Downward breaks of 1.35 and 1.3450 would then offer new sell signals for an extension of the downtrend towards 1.34
The break-down of 1.35 should also validated the parallel of its channel.

- Only long positions above 1.3550. Upward breaks of 1.36 and 1.3650 would then offer new buy signals for a return on the next major resistance located at 1.37

1H chart on EUR/USD
http://www.tribuforex.fr/analyses/FOREX/eurusd-06022013.png

4H chart on EUR/USD
http://www.tribuforex.fr/analyses/FOREX/eurusd-06022013-2.png







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#2 ⇑ Haut ⇑ 07-02-2013 10:10:02

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Re: EUR/USD : End of the uptrend ?

The pair EUR/USD found support yesterday on the support at 1.35 and on the parallel of its bullish channel (dotted brown line). The price is trying this morning to bounce back above 1.3550.

I still advise traders to trade the pair based on the key point at 1.3550:

- Only short positions below 1.3550. Downward breaks of 1.35 and 1.3450 would then offer new sell signals for an extension of the downtrend towards 1.34
The break-down of 1.35 should also validated the breakout of the parallel of its channel.

- Only long positions above 1.3550. Upward breaks of 1.36 and 1.3650 would then offer new buy signals for a return on the next major resistance located at 1.37

1H chart on EUR/USD
http://www.tribuforex.fr/analyses/FOREX/eurusd-07022013.png

4H chart on EUR/USD
http://www.tribuforex.fr/analyses/FOREX/eurusd-07022013-2.png




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#3 ⇑ Haut ⇑ 08-02-2013 12:24:15

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Re: EUR/USD : End of the uptrend ?

The pair EUR/USD has faked yesterday a return above 1.3550 and started a powerful bearish rally. Downard breaks of  1.35 and 1.3450 have offered sell signals.
On this movement, the price has also validated a break of the parallel of its medium / long term uptrend channel (dotted brown line). The bearish rally stopped on the support at 1.34. (former resistance in mid-January).

I advise traders to trade only short positions as far as the price will be located below 1.35.
A stay below 1.35 will consolidate this bearish sentiment.
A break of 1.34 would boost the downward momentum for an extension of the movement towards 1.3350 or lower if these levels are broken down.

In case of return over the course of 1.35 then I would advise traders to wait for a breakout of 1.3550 before trading long positions.

1H chart on EUR/USD
http://www.tribuforex.fr/analyses/FOREX/eurusd-08022013.png

4H chart on EUR/USD
http://www.tribuforex.fr/analyses/FOREX/eurusd-08022013-2.png




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#4 ⇑ Haut ⇑ 11-02-2013 10:03:10

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Re: EUR/USD : End of the uptrend ?

The pair EUR/USD is now continuing its evolution on the lower limit of its bearish channel (blue lines on the 1h chart). The price has validated on Friday the breakout of 1.34, giving us a new sell signal.

I advise traders to trade only short positions as far as the price will be located below 1.3450.
A stay below 1.3450 will consolidate this bearish sentiment.
A break of 1.3350 would boost the downward momentum for an extension of the movement towards 1.33 or lower if these levels are broken down.

In case of return over the course of 1.3450 then I would advise traders to wait for a breakout of 1.35 before trading long positions.

1H chart on EUR/USD
http://www.tribuforex.fr/analyses/FOREX/eurusd-11022013.png

4H chart on EUR/USD
http://www.tribuforex.fr/analyses/FOREX/eurusd-11022013-2.png




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#5 ⇑ Haut ⇑ 13-02-2013 11:28:15

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Re: EUR/USD : End of the uptrend ?

The pair EUR/USD is testing this morning an output of its short term bearish channel (blue lines on the 1h chart) and is now back above 1.3450. The price is still moving below the lower band of its long term bullish channel (brown lines).

I still advise traders to trade the pair outside the range 1.3450/1.35:

- Only short positions below 1.3450. Downward breaks of 1.34 would offer a new sell signal for an extension of the downtrend towards 1.3350
The break-down of 1.35 should also validated the breakout of the parallel of its channel.

- Only long positions above 1.3550. Upward breaks of 1.3550 and 1.36 would then offer new buy signals.

1H chart on EUR/USD
http://www.tribuforex.fr/analyses/FOREX/eurusd-13022013.png

4H chart on EUR/USD
http://www.tribuforex.fr/analyses/FOREX/eurusd-13022013-2.png




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#6 ⇑ Haut ⇑ 14-02-2013 09:21:16

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Re: EUR/USD : End of the uptrend ?

The pair EUR/USD faked yesterday a break-up of 1.35. The price has immediately felt on 1.3450 (stabilization level). This morning the pair started a bearish rally and has validated its return below 1.3450 (sell signal). The price is currently testing a break of 1.34 and confirms its return into its bearish channel (blue lines).

I advise traders to trade only short positions as far as 1.3450 is resistance.
A break of 1.34 and 1.3350 would both offer new sell signals for an extension the downward rally towards 1.33.

In case of return of the price above 1.3450 then I would advise traders to wait for a breakout of 1.35 before trading long positions.

1H chart on EUR/USD
http://www.tribuforex.fr/analyses/FOREX/eurusd-14022013.png

4H chart on EUR/USD
http://www.tribuforex.fr/analyses/FOREX/eurusd-14022013-2.png




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#7 ⇑ Haut ⇑ 15-02-2013 10:06:29

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Re: EUR/USD : End of the uptrend ?

The pair EUR/USD started yesterday a bearish rally and has validated downward breaks of 1.34 and 1.3350, offering new sell signals.
The price made a correctin this night but the bearish movement is again up to date this morning.
The pair is currently back on the central lines of its medium term bearish channel (blue lines on charts).

I advise traders to trade only short positions as far as 1.34 is resistance.
A break of 1.33 and 1.3250 would both offer new sell signals for an extension the downward rally towards 1.32.

In case of return of the price above 1.34 then I would advise traders to wait for a breakout of 1.35 before trading long positions.

1H chart on EUR/USD
http://www.tribuforex.fr/analyses/FOREX/eurusd-15022013.png

4H chart on EUR/USD
http://www.tribuforex.fr/analyses/FOREX/eurusd-15022013-2.png




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#8 ⇑ Haut ⇑ 19-02-2013 09:14:29

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Re: EUR/USD : End of the uptrend ?

By remaining stable around 1.3350, the pair EUR/USD has validated yesterday an output of its medium term bearish channel (blue lines on charts).
This price is falling this morning on the upper band of the channel for a pullback.

I advise traders to trade only short positions as far as 1.34 is resistance.
A stay below 1.3350 will comfort our bullish sentiment.
A break of 1.33 and 1.3250 would both offer new sell signals for an extension the downward rally towards 1.32.

In case of return of the price above 1.34, traders could trade long positions.

1H chart on EUR/USD
http://www.tribuforex.fr/analyses/FOREX/eurusd-19022013.png

4H chart on EUR/USD
http://www.tribuforex.fr/analyses/FOREX/eurusd-19022013-2.png




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#9 ⇑ Haut ⇑ 20-02-2013 10:35:22

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Re: EUR/USD : End of the uptrend ?

After some pullbacks on the upper band of the former medium term downtrend channel (blue lines on charts), the pair EUR/USD started yesterday a bullish rally. The price has validated this night the breakout of 1.34 but the movement shows some signs of weakness this morning.

I advise traders to trade the pair according to 1.34:

- Only long positions above 1.34. A break of 1.3450 would give a new buy signal for an extension of the bullish movement towards 1.35.

- Only short positions below 1.34. A break of 1.3350 would give a new sell signal for an extension of the downtrend towards 1.33.

1H chart on EUR/USD
http://www.tribuforex.fr/analyses/FOREX/eurusd-20022013.png

4H chart on EUR/USD
http://www.tribuforex.fr/analyses/FOREX/eurusd-20022013-2.png




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#10 ⇑ Haut ⇑ 21-02-2013 10:43:27

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Re: EUR/USD : End of the uptrend ?

End of the uptrend? It looks like...
After a fake breakout of 1.34 yesterday, the pair EUR/USD has started a powerful bearish rally.
The price has validated downward breaks of 1.3350 / 1.33 / 1.3250, giving new sell signals.
This morning, the price is testing the support at 1.32.
The center line of the medium term bearish channel is near (blue lines).

I advise traders to trade only short positions as far as 1.33 is resistance.
A stay below 1.3250 will reinforce this bearish sentiment.
A break of 1.32 would give a new sell signal for an extension of bearish rally towards 1.3150 or lower if this level is also broken.

In case of return above 1.33, a new exit of the medium term channel will be validated, giving us a buy signal.

1H chart on EUR/USD
http://www.tribuforex.fr/analyses/FOREX/eurusd-21022013.png

4H chart on EUR/USD
http://www.tribuforex.fr/analyses/FOREX/eurusd-21022013-2.png




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#11 ⇑ Haut ⇑ 22-02-2013 09:50:26

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Re: EUR/USD : End of the uptrend ?

The pair EUR/USD faked yesterday a downward break of 1.32.
The price has found support twice on the center line of the medium term bearish channel (blue lines). The price is trying this morning to correct its last bearish rally and is currently moving towards the upper band of its channel.

I advise traders to trade only short positions as far as 1.33 is resistance.
A stay below 1.3250 will reinforce this bearish sentiment.
A break of 1.32 would give a new sell signal for an extension of bearish rally towards 1.3150 or lower if this level is also broken.

In case of return above 1.33, a buy signal will be given. Traders could then trade only long positions.

1H chart on EUR/USD
http://www.tribuforex.fr/analyses/FOREX/eurusd-22022013.png

4H chart on EUR/USD
http://www.tribuforex.fr/analyses/FOREX/eurusd-22022013-2.png




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#12 ⇑ Haut ⇑ 26-02-2013 10:57:52

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Re: EUR/USD : End of the uptrend ?

The pair EUR/USD stumbled yesterday on 1.33 and has started a powerful rally bearish.
The price is currently sailing below the center line of its medium term bearish channel (blue line on charts).
The pair deviates from its descending triangle (orange lines).

I advise traders to trade only short positions as far as 1.3150 is resistance.
A stay below 1.31 will reinforce this bearish sentiment.
A break of 1.3050 would give a new sell signal for an extension of bearish rally towards 1.30 and 1.29.

In case of return above 1.3150, we will wait a return above 1.32 to advise long positions.

1H chart on EUR/USD
http://www.tribuforex.fr/analyses/FOREX/eurusd-26022013.png

4H chart on EUR/USD
http://www.tribuforex.fr/analyses/FOREX/eurusd-26022013-2.png




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#13 ⇑ Haut ⇑ 28-02-2013 09:18:50

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Re: EUR/USD : End of the uptrend ?

The pair EUR/USD rebounded yesterday towards the resistance at 1.3150.
The price continues this morning to test this level.
On this last correction, the price has also validated an output of its medium term bearish channel (blue lines on charts).
The pair is close from the lower band of its previous descending triangle (oranges lines).

I advise traders to trade only short positions as far as 1.3150 is resistance.
A return below 1.31 will reinforce this bearish sentiment.
A break of 1.3050 would give a new sell signal for an extension of bearish rally towards 1.30 and 1.29.

In case of return above 1.3150, we will wait a return above 1.32 to advise long positions.

1H chart on EUR/USD
http://www.tribuforex.fr/analyses/FOREX/eurusd-28022013.png

4H chart on EUR/USD
http://www.tribuforex.fr/analyses/FOREX/eurusd-28022013-2.png




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#14 ⇑ Haut ⇑ 04-03-2013 11:28:56

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Re: EUR/USD : End of the uptrend ?

The pair EUR/USD has faked on friday a breakout of the support at 1.30.
The price has bounced on the mid line of the medium term bearish channel (blue lines on charts).
The pair is testing again this morning the support at 1.30.

I advise traders to trade only short positions as far as 1.31 is resistance.
A stay below 1.3050 will reinforce this bearish sentiment.
The validation of the breakout of 1.3050 would give a new sell signal for an extension of the bearish rally towards 1.2950 and 1.29.

In case of return above 1.31, we will wait a return above 1.3150 to advise long positions.

1H chart on EUR/USD
http://www.tribuforex.fr/analyses/FOREX/eurusd-04032013.png

4H chart on EUR/USD
http://www.tribuforex.fr/analyses/FOREX/eurusd-04032013-2.png




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#15 ⇑ Haut ⇑ 07-03-2013 09:47:39

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Re: EUR/USD : End of the uptrend ?

The pair EUR/USD felt yesterday on the upper band of its medium term bearish channel (blue lines on charts).
The price has faked a downward break of 1.30 this morning and bounces above this level.

I advise traders to trade only short positions as far as 1.31 is resistance.
A stay below 1.3050 will reinforce this bearish sentiment.
The validation of the breakout of 1.30 would give a new sell signal for an extension of the bearish rally towards 1.2950 and 1.29.

In case of return above 1.31, we will wait a return above 1.3150 to advise long positions. Attention to the lower band of the previous descending triangle that could act as resistance.

1H chart on EUR/USD
http://www.tribuforex.fr/analyses/FOREX/eurusd-07032013.png

4H chart on EUR/USD
http://www.tribuforex.fr/analyses/FOREX/eurusd-07032013-2.png




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    EUR/USD : End of the uptrend ?



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