Updated the:
05/14/2012
EUR/USD Technical Analysis comments :

Sentiment :
sentiment
1.3063
sentiment
1.30
sentiment
The pair EUR/USD made last friday a pullback on the lower band of its medium term bearish channel (purple lines).
The pair has opened the week on a bearish gap and has validated the breakout of the support at 1.29.
The bearish gap is still not filled in.
All indicators are bearish.
We continue to advise short positons as far as 1.30 is resistance.
The breakout of 1.2850 and 1.28 will both give a new sell signal.
In case of return above 1.30, we will wait the breakout of 1.3063 to advise long positions.
Complete sheet of the pair EUR/USD - Previous EUR/USD Analysis
Chart of the pair EUR/USD - Timeframe 4H - Zoom in :
EUR/USD
 
Chart of the pair EUR/USD - Timeframe 4H - Zoom out:
EUR/USD
EUR/USD Live Chart - Timeframe : 4h
Chart