In the medium term, the movement is led by a bullish slant (brown segment of the graphics).
In the shorter term, the EUR / USD pair falls within an enlargement figure down at right angles (purple segments on the charts).
During the tests this morning 1.33 resistance (line level of resistance of the short-term enlargement figure).
I would advise traders to trade only Long positions (for purchase) on EUR / USD as the course will be located above 1.3250.
Maintaining the current above its medium term bullish slant (brown segment) will strengthen the bullish sentiment.
A break of 1.33 (out of enlargement figure) then offer to buy a new signal for a return during the earlier formed July 31 to 1.3350 or higher, if this level is broken on the rise.
In case of return below 1.3250 over then I advise traders to wait for a breakout of 1.32 before entering / not to treat more than Shorts positions (for sale) on the EUR / USD pair.
NB: traders whose trading strategy is more aggressive will set to treat EUR / USD 1.3250 according to:
- That Long positions above 1.3250.
- That Shorts positions under 1.3250.
(and may therefore consider entering Short / no longer treat the Shorts positions from the breakout of 1.3250 but not before)
