|EUR/USD Technical Analysis comments :|
|The pair EUR/USD has faked last friday the breakout of the support at 1.27 and is currently testin a pullback on 1.28.|
The pair is still moving below the lower band of its bearish channel (purple line).
A paralell of this bearish channel is acting as resistance (pink line).
All indicators are still bearish.
We continue to advise short positions as far as 1.28 is resistance.
A return below 1.2750 will comfort our sell signal.
The breakout of 1.27 will give a new sell signal and open the way towards 1.2650 and 1.26.
In case of return above 1.28, we will then 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 :|
|Chart of the pair EUR/USD - Timeframe 4H - Zoom out:|
|EUR/USD Live Chart - Timeframe : 4h|