EUR/USD Technical Analysis (Euro / US Dollar)

I advise traders to trade now only short positions as far as the price will be located below 1.3550
A stay below 1.35 would consolidate this bearish sentiment.
The downward breaks of 1.3450 and 1.34 would offer for new sell signals for an extension of the downtrend. At the break of 1.3450, the price should also validate the break of the parallel line of its last uptrend channel.

In case of return above 1.3550, a buy signal will be given. Traders could then trade only long positions.
Full analysis

Analysis published by Vincent, the 02/05/2013 at 09h30 GMT+2