Forex - EUR/USD Technical Analysis (Euro / US Dollar)

By Roger Baettig | May 16 2012 4:25 AM

Updated the: 05/16/2012
EUR/USD Technical Analysis comments :

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Sentiment : 1.29 1.2850
The pair EUR/USD has continued yesterday its bearish movement and the breakout of 1.28 and 1.2750 both gave us a new sell signal. Currently, the pair is testing the next support at 1.27. This level match with the lower band of its bearish channel (black lines). The opening bearish gap is still not filled in. All indicators are bearish. We continue to advise short positons as far as 1.2850 is resistance. The breakout of 1.27/1.2650/1.26 will all give a new sell signal. In case of return above 1.2850, we will wait the breakout of 1.29 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

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