EUR/USD Technical Analysis (Euro / US Dollar) - Forex
International Business Times
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February 5, 2013 12:59 AM EST

Forextribe
Updated the:
02/04/2013		 EUR/USD : Super Mario effect still works!

Sentiment :
sentiment sur la parité AUD/USD
1,3550
sentiment sur la parité AUD/USD
1,35
sentiment sur la parité AUD/USD

--- Follow up analysis ---
The friday session was quite volatile for the pair EUR/USD.
At the announcement of economic news, the price has felt on 1.36 to finaly rebound and reached 1.37 as resistance.
The lower band of the previous uptrend channel has also acted as resistance.
Since Friday evening, the price is falling and moving towards the support at 1.36.
The first short-term bullish slant is broken (orange dotted line on the 1H chart) and the price going to test its second bullish one (orange line).

I advise traders to trade only long positions as far as the price will be located above 1.3550
A stay above 1.36 will strengthen this bullish feeling.
An upward break of 1.3650 will give a new buy signal for an extension of the bullish movement towards 1.37 or higher is this level is broken.
Be careful to the lower band of the last medium term bullish channel that could act as resistance (brown lines).

In case of return below 1.3550, we will be neutral between this level and 1.35. Only the breakout of this last level will give us the sell signal.
Full analysis

Analysis published by Vincent, the 02/04/2013 at 10h00 GMT+2
- Complete sheet of the pair EUR/USD - Previous EUR/USD Analysis -
Chart of the pair EUR/USD - Timeframe 1H
EUR/USD Technical Analysis
Chart of the pair EUR/USD - Timeframe 4H
EUR/USD Technical Analysis
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