EUR/USD Technical Analysis (Euro / US Dollar) - Forex
International Business Times
  • Rate this Story
  • 0
  • 0

February 12, 2013 1:50 AM EST

Forextribe
Updated the:
02/11/2013
EUR/USD : End of the uptrend ?

Sentiment :
sentiment sur la parité AUD/USD
1,35
sentiment sur la parité AUD/USD
1,3450
sentiment sur la parité AUD/USD

--- Follow up analysis ---
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.
Full analysis

Analysis published by Vincent, the 02/11/2013 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
  • Rate this Story
  • 0
  • 0
For more reports, go to Forextribe

Join the Conversation

IBTimes TV



E-Newsletters

We value your privacy. Your email address will not be shared.