EUR/USD Technical Analysis (Euro / US Dollar)

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February 12, 2013 1:50 AM EST

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

Sentiment :



--- 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

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