Updated the:
05/15/2012
EUR/USD Technical Analysis comments :

Sentiment :
sentiment
1.30
sentiment
1.2950
sentiment
The pair EUR/USD has continued yesterday its bearish movement and the breakout of 1.2850 gave us a new sell signal.
The opening bearish gap is still not filled in.
All indicators are bearish.
The pair is still moving below the lower band its medium term bearish channel (purple lines) and seems to move on a short term bearish channel (black lines).
We continue to advise short positons as far as 1.2950 is resistance.
The breakout of 1.28 and 1.2750 will both give a new sell signal.
In case of return above 1.2950, we will wait the breakout of 1.30 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