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Eur/usd Parity On JulyTitle:
Technical analysis of the EUR/USD parity on July 20th, 2010
Commentary of the EUR/USD parity :
The parity is testing again the resistance at 1.30 after a rebound on 1.29. Indicators are globaly bullish. We maintain to trade only long positions as far as the price is above 1.29. The breakout of 1.30 will give a new buy signal and should allow the price to reach the next resistance at 1.31 (highest of May 10th).
See the previous analysis of the EUR/USD parity of July 19th, 2010
Title:
Technical analysis of the EUR/USD parity on July 19th, 2010
Commentary of the EUR/USD parity :
The parity just found resistance on 1.30. The price is currently making a pullback on 1.29 and is testing a rebound. Indicators stay globaly bullish. We maintain to trade only long positions as far as the price is above 1.2850. The break out of 1.30 will give a new buy signal and should allow the price to reach the next resistance at 1.31 (highest of May 10th).
See the previous analysis of the EUR/USD parity of July 15th, 2010
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Technical analysis of the EUR/USD parity on July 15th, 2010
Commentary of the EUR/USD parity :
The parity broke the resistance at 1.27. This level is now acting a support. The price is still into its bullish channel and all indicators are bullish. However, pay attention to the bearish divergences on the RSI and the MACD. We maintain to trade only long positions as far as 1.2650 is support. The break out of the last highest at 1.2777 will comfort us in our bullish feeling. The breakout of 1.28 will give a new buy signal.
See the previous analysis of the EUR/USD parity of July 14th, 2010
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Technical analysis of the EUR/USD parity on July 14th, 2010
Commentary of the EUR/USD parity :
The parity finaly found support on 1.2550. Then, a strong bullish movement occured. The price is currently testing the resistance at 1.27. All indicators are now bullish. We advise to trade only long positions as far as the price is above 1.2650. A rebound on 1.27 as support will offer a new buy signal. However, a breakout of 1.2650 could allow the price to reach 1.2550 again and also to continue its movements without a real trend between 1.2550 and 1.27.
See the previous analysis of the EUR/USD parity of July 13th, 2010
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Technical analysis of the EUR/USD parity on July 13th, 2010
Commentary of the EUR/USD parity :
The parity is currently testing a break out of the support at 1.2550. Indicators are showing sell signals. 1.26 (former support) is now resistance. We advise to trade only short positions as far as the price is below 1.26. The next support is at 1.25. A break out of this level will give a sell signal.
See the previous analysis of the EUR/USD parity of July 12th, 2010
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Technical analysis of the EUR/USD parity on July 12th, 2010
Commentary of the EUR/USD parity :
The parity is currently testing the support at 1.26. All indicators are showing sell signals. If the break out of 1.26 is validated, next supports are at 1.2550 and 1.25. Only the break out of 1.25 will allow to trade short positions. At this time, we advise to wait a return above 1.26 to trade again long positions.
See the previous analysis of the EUR/USD parity of July 9th, 2010
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Technical analysis of the EUR/USD parity on July 9th, 2010
Commentary of the EUR/USD parity :
The parity continues its bullish movement into its bullish channel. The price is currently testing the resistance at 1.27. Indicators are globaly bullish. Be careful to the RSI which is showing bearish divergences. We maintain to trade only long positions as far as the price is above 1.2650. A break out of 1.27 will offer a new buy signal.
See the previous analysis of the EUR/USD parity of July 8th, 2010
Title:
Technical analysis of the EUR/USD parity on July 8th, 2010
Commentary of the EUR/USD parity :
The parity found support on 1.2550. Then, the breakout of 1.26 gave us a new buy signal. The price is still into its medium term bullish channel and is currently testing the highest of july 6th towards 1.2650. Indicators are globaly bullish. We maintain to trade only long positions as far as the price is above 1.2550. The next resistance is at 1.27. A break out of this level will give a new buy signal.
See the previous analysis of the EUR/USD parity of July 7th, 2010
Title:
Technical analysis of the EUR/USD parity on July 7th, 2010
Commentary of the EUR/USD parity :
The parity fake a breakout of the resistance at 1.26. Indicators are globaly bullish. The correction could pursuit towards 1.2550 or 1.25. We maintain to trade only long positions as far as the price is above 1.25. A break out of 1.26 will give a new buy signal.
See the previous analysis of the EUR/USD parity of July 6th, 2010
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