EUR/USD : the return below 1.30 changes everything
--- Follow up analysis ---
The pair EUR/USD is testing again this morning the support at 1.29 but also its medium term bullish slant (blue line). On the short terme, the price is now moving into a bearish channel.
We continue to advise short positions as far as 1.30 is resistance. A quick pullback on 1.2925/1.2950 seems now up to date. The validation of the breakout of 1.29 will give a new sell signal and will open the way towards 1.2850.
In case of return above 1.30, we will then advise long positions.
Analysis published by Vincent, the 10/29/2012 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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