Updated the:
10/04/2012
EUR/USD : Exit of its medium term bearish channel

Sentiment :
sentiment sur la parité EUR/CHF
1.2950
sentiment sur la parité EUR/CHF
1.29
sentiment sur la parité EUR/CHF

--- Follow up analysis ---

The pair EUR/USD is still looking for a clear trend on the short term. The price continues to move between the support at 1.29 and the resistance at 1.2950 (faking false breakouts each time).

Analysis unchanged : "We advise to traders to wait an exit of the range 1.29/1.2950 to take position:

- Long if 1.2950 is broken. The breakout of 1.30 will give a new buy signal and will open the way towards 1.3050
- Short if 1.29 is broken. The first objective will be set at 1.2850. The breakout of this level should allow the price to reach 1.28.

Traders with a more agressive strategy could trade the pair according to 1.2925 (long above and short below)."
 
 

Analysis published by Vincent, the 10/04/2012 at 10h45 GMT+2

Full analysis



Chart of the pair EUR/USD - Timeframe 1H
EUR/USD Technical Analysis
 
Chart of the pair EUR/USD - Timeframe 4H
EUR/USD Technical Analysis




 
 



EUR/USD Live Chart - Timeframe : 4h
Chart EUR/USD BID

 

For more reports, go to Forextribe