EUR/USD : the return below 1.30 changes everything
--- Follow up analysis ---
The pair EUR/USD has faked yesterday a breakout of the support at 1.2950 and is trying this morning to get back above 1.30. The price is still moving below a medium term bullish slant (blue line), and also below its short term bullish slant (brown line).
We advise to trade the pair according to the key level at 1.30:
- Only short positions below 1.30. The breakout of 1.2950 will give a new sell signal and should open the way towards 1.29
- Only long positions above 1.30. The first objective is set at 1.3050 and the breakout of this level will open the way towards 1.31.
Analysis published by Vincent, the 10/25/2012 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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