EUR/USD : the return below 1.30 changes everything
--- Follow up analysis ---
The pair EUR/USD has just validated the breakout of its medium/long term bullish slant (blue line). The price is curently testing the major support at 1.29.
We continue to advise short positions as far as 1.2950 is resistance. The validation of the breakout of 1.29 will give a new sell signal and will allow the price to extend its movement towards 1.2850 and 1.28.
In case of return above 1.2950, we will be neutral between this level and 1.30. Only the breakout of 1.30 will give a buy signal.
NB: Traders with a more agressive strategy could trade the pair according to the key level at 1.2950 (long above and short below).
Analysis published by Vincent, the 11/02/2012 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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