EUR/USD : A medium term bullish slant still active
--- Follow up analysis ---
The pair EUR/USD found support yesterday on its medium term bullish slant (brown line). On a short term view, the price has validated the breakout of its bearish slant in h1 and is currently validating the breakout of 1.2950, offering a buy signal.
We advise to trade the pair outside the range 1.29/1.2950:
- Only long positions above 1.2950. The breakout of 1.30 will give a new buy signal
- Only short positions below 1.29. The breakout of 1.2850 will give a new sell signal.
Analysis published by Vincent, the 10/12/2012 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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