EUR/USD Technical Analysis (Euro / US Dollar)

  • Rate this Story
  • 0
  • 0

February 7, 2013 1:32 AM EST

Updated the:
EUR/USD : End of the uptrend ?

Sentiment :



--- New analysis ---
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
Full analysis

Analysis published by Vincent, the 02/06/2013 at 09h30 GMT+2

  • Rate this Story
  • 0
  • 0
For more reports, go to Forextribe

Join the Conversation

IBTimes TV