Updated the:
06/29/2012
EUR / USD: the aftermath of a bullish rally during the night
Sentiment :
sentiment
1.26
sentiment
1.25
sentiment
The pair EUR/USD made during the night an unexpected bullish rally of 200 pips, allowing the price to test the resistance at 1.26.
The short term trend let us thought before to a pursuit of the bearish movement after the breakout of 1.25.2 scenarios seems now possible after this bullish rally:

1. The breakout of 1.26 will give a buy signal and should allow the price to test the paralell of its long term bearish channel (pink line). A short pullback on 1.26 will be possible. Then, the breakout of the paralell will open the way towards the resistance at 1.27.

2. A correction on 1.25 and then a rebound on the resistance at 1.26. The breakout of 1.26 will give a buy signal.

Analysis published by Vincent, the 06/29/2012 at 9h15 GMT+2

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