EUR/USD : A medium term bullish slant still active
--- Follow up analysis ---
The pair EUR/USD has validated yesterday the breakout of its medium term bullish slant and then the support at 1.29 has been broke too, offering a new sell signal. The price is now finding support on 1.2850.
We continue to advise short positons as far as 1.2925 is resistance. A pullback on 1.29 stay possible before the pursuit of the movement. The brekaout of 1.2850 will give a new buy signal and will open the way towards 1.28.
In case of return above 1.2925, we will then advise to wait the breakout of 1.2950 to trade long positions.
Analysis published by Vincent, the 10/10/2012 at 10h00 GMT+2
Chart of the pair EUR/USD - Timeframe 1H
Chart of the pair EUR/USD - Timeframe 4H
|EUR/USD Live Chart - Timeframe : 4h|
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