Commentary of the EUR/USD pair


The pair EUR/USD is falling after the test of the resistance at 1.37. The pair just validated the breakout of 1.36, giving us a sell signal. Indicators are getting globaly bearish. We maintain to trade only short positions as far as 1.36 is resistance. The breakout of 1.35 will give a new sell signal for a pursuit of the movement towards 1.34. In case of a return above 1.36, we will then advise to trade long positions. The breakout of 1.37 will give a new buy signal.