|EUR/USD : Thanks to Super Mario!|
Mario Draghi has announced yesterday during a press release that the BCE will buy bonds from 1 to 3 years, without a limit of amount in agreements with governments.
The pair EUR/USD is currently validating the breakout of 1.2650, offering a new buy signal. The price got out of its rising wedge from the top (brown lines) and is back into its former long term bearish channel (purple lines).
We continue to advise long positons as far as 1.26 is support. The breakout of 1.27 will give a new buy signal and will open the way towards 1.2750/1.28.
In case of return below 1.26, we will wait the breakout of 1.2560 before to trade short positions.
Analysis published by Vincent, the 09/07/2012 at 11h30 GMT+2
|Complete sheet of the pair EUR/USD - Previous EUR/USD Analysis|
|Chart of the pair EUR/USD - Timeframe 1H|
|Chart of the pair EUR/USD - Timeframe 4H|
|EUR/USD Live Chart - Timeframe : 4h|