Updated the:
07/16/2012
EUR/USD : Below 1.23, the pursuit of the bearish rally is expected
Sentiment :
sentiment
1.23
sentiment
1.2250
sentiment
The Euro againt the US Dollar continues to move into a bearish channel (red lines). The pair is currently testing the upper band and also 1.2250 as resistance.

We stay bearish as far as 1.2250 is resistance. The breakout of 1.22 will give a new sell signal and open the way towards 1.2150/1.21.

In case of return above 1.2250, we will then wait the breakout of 1.23 to advise long positions with an objective at 1.24.

Analysis published by Vincent, the 07/16/2012 at 09h30 GMT+2

Complete sheet of the pair EUR/USD - Previous EUR/USD Analysis

Chart of the pair EUR/USD - Timeframe 1H

EUR/USD

Chart of the pair EUR/USD - Timeframe 4H

EUR/USD

EUR/USD Live Chart - Timeframe : 4h

Chart