Tanalys

EUR/USD MT: the upside prevails.

Pivot: 1.2990

Our Preference: LONG position above 1.2990 with 1.35 1.3710 in sight.

Alternative Scenario: Below 1.2990 down move to 1.28 1.2650.

Comment: the pair has broken above its resistance and remains on the upside.

Trend: ST Ltd Upside; MT Range, we have been bullish since 12 JUN 2013 (1.3275).

Key levels Comment

1.3850 ** Horizontal resistance

1.3710 *** Horizontal resistance

1.3500 ** Horizontal resistance

1.3119 Last

1.2990 ** MT pivot point

1.2800 ** Horizontal support

1.2650 *** Horizontal support

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