EUR/USD : A medium term bullish slant still active
--- Follow up analysis ---
The pair EUR/USD has failed to pursuit its bullish rally above 1.31 and just made a pullback on 1.3050 as support, allowing the return below its medium term bullish slant.
We still advise to trade only long positions as far as 1.30 is support. The breakout of 1.31 will give a new buy signal and will open the way towards 1.3150 (high of September).
In case of return below 1.30, we will then advise to trade only short positions.
NB: Traders with a more agressive strategy could trade the pair according to 1.3050 (long above and short below).
Analysis published by Vincent, the 10/19/2012 at 10h30 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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