"Good bounce take euro to 1.2600 area"
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Reza Ajorloei posted a blog postEURUSD 05 Sep 2012
Hello All,Euro moved above 1.26oo handle and as was told before touched weekly channel resistance around 1.2630/50, decline from this last resistance for me not start for another leg down as long as price is above 1.2300/50. I think we will see daily consolidation below 1.2650 and above 1.2400 for even 2-3 weeks ahead. 1.2440/50 is key level support of H4 channel so be cautious regarding to aggressive selling.I prefer Buying pair below 1.2500 and selling it above 1.2600 with 70-80 pips stop…See More
Reza Ajorloei posted a blog postEURUSD 29 Aug 2012
Hello all,Euro well supported above 1.2450 after last run to 1.2580 resistance, after 2 day consolidation in 1.2470-1.2580 range now we can expect pushing rate higher for 1.2630/50 resistance test in coming sessions where 15 months decline resistance is located ( see chart ), also 1.2650/60 is up channel for rising from 1.2040. So my expectation is bullish move to 1.2650/60 resistance albeit in slow pace. In long term view we have to wait and see what will be reaction to this important…See More
Reza Ajorloei posted a blog postEURUSD 23 Aug 2012
Euro well moved above 1.2500 as was expected in previous post, touching 1.2570 in early Europe morning. Expect consolidation phase above 1.2480/2500 before next leg up nearing 1.2600/2630 resistance, consolidation may continue even tomorrow. Entering long below 1.2500 for 30-40 pips profit taking is recommended with stops below 1.2450.…See More
Reza Ajorloei posted a blog postEURUSD 21 Aug 2012
As shown in H4 chart euro is trapped between 1.2280 ( H4 channel support ) and 1.2380 ( triple top resistance ), break and closing hourly candle outside of this range is needed for trend confirmation. Keep in mind fake break of 1.2280/90 support is possible but My view is returning above 1.2400 targeting 1.2600 in coming days. Enter long below 1.2380/2400 with stops below 1.2300 and first targets above 1.2500.ThanksReza…See More
Reza Ajorloei commented on Reza Ajorloei's blog post EURUSD 16 Aug 2012"Yesterday move around 1.2350 confirm bullish trend intact, for today we should see 1.2400 as next upside move. Further bullish move is not ruled out but I think 1.2440 break is not likely for today. long trades recommended for 1.2400 test in coming…"
Reza Ajorloei's blog post was featuredEURUSD 16 Aug 2012
Hello all,Euro consolidated above 1.2240 for last 3 days, unable to break below or overcome 1.2400 resistance. uptrend support channel line now is around 1.2250 that is keeping pair from more loses. Expect another bounce today above 1.2330/50 and later break of 1.2400 for 1.2480/2500 test. Long entry suggested at current levels (1.2275) with stops below 1.2200 and targets first above 1.2350 and more 1.2400.Thank youRezaSee More
Reza Ajorloei posted a blog postEURUSD 16 Aug 2012
Hello all,Euro consolidated above 1.2240 for last 3 days, unable to break below or overcome 1.2400 resistance. uptrend support channel line now is around 1.2250 that is keeping pair from more loses. Expect another bounce today above 1.2330/50 and later break of 1.2400 for 1.2480/2500 test. Long entry suggested at current levels (1.2275) with stops below 1.2200 and targets first above 1.2350 and more 1.2400.Thank youRezaSee More
Reza Ajorloei posted a blog postEURUSD 08 Aug 2012
HelloEuro is consolidating gains now with intraday support @1.2360 and then @1.2335/40. There is 2 option we can see in coming sessions, first running above 1.2420 that will push pair to 1.2480/2500 resistance, second one is staying below 1.2400 that will cause break of 1.2330 and moving toward 1.2180 albeit in slow pace. currently first option probability is higher than second. So my recommendation is buying above 1.2420 and selling below 1.2330.Good luckRezaSee More
Reza Ajorloei posted a blog postEURUSD 06 Aug 2012
Hello AllEuro is trying to rebound from an interim low build in 1.2040, last week move above daily channel resistance @1.2340 and closing daily candle above it confirm midterm bullish move in market, now we might expect rebound to 1.2750/2800 area in coming weeks. In H4 chart with Friday strong move for today 1.2340-1.2440 range move is expected. Buying the pair suggested below 1.2370 for 30-40 pips profit taking. stops should be adjusted below 1.2310.ThanksRezaSee More
Reza Ajorloei posted a blog postEURUSD 23 July 2012
Euro failed to hold above 1.2150 and gaped down below 1.2100, expect rebound to 1.2200/2220 region where sellers again will enter for another leg down below 1.20. Now markets attention is 2010 lows @ 1.1870 that I think we are sliding toward that in coming days. selling the pair above 1.2160/70 is recommended with stops above…See More
Reza Ajorloei commented on Reza Ajorloei's blog post EURUSD 20 July 2012"Euro now is around 1.2170, we may see good bounce from here as 3rd leg of correction going up to 1.23 handle again. In case of breaking 2150 bring 1.2100 support in focus.
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Reza Ajorloei posted a blog postEURUSD 20 July 2012
HelloEuro was unable to break above 1.2320/30 and rejected from there now is close to 1.2200/20 support, look more bearish in H4 and daily charts, retest of 1.2150/60 is not ruled out for today and even break of this last for downside continuation. Downside move is favored now albeit with slow pace. breaking 1.2320/30 will open doors for more corrective moves maybe below 1.2400.Thank youRezaSee More
Reza Ajorloei commented on Reza Ajorloei's blog post EURUSD 18 July 2012"Entering Long now @1.2270 is good"
Reza Ajorloei posted a blog postEURUSD 18 July 2012
Euro find support @1.2180 and bounced back above 1.2300 in yesterday trade showing sign for more consolidation phase in coming days. For today expect 1.2315 break and 1.2340/70 touch in coming hours. Long trades recommended below 1.2300 with stops below 1.2220 and targets above 1.2340.BRRezaSee More
Reza Ajorloei commented on Reza Ajorloei's blog post EURUSD 12 July 2012"Hi Ossbwy
I was busy for last 2 weeks couldn't post here, further decline below 1.2200 is not ruled out but market behavior shows more bullish tendency in current levels."
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Comment Wall (3 comments)
- At 5:34pm on March 12, 2012,
Razvan Constantin - Nick said… I see the short at 1.3220-1.3240 area...it had a nice move away from this zone...maybe this time it breaks the 1.31 zone dives to the origin of a nice move to the upside...
- At 12:06pm on June 26, 2012,
william amosun said…
Hi Reza, are you still long on eurusd
- At 1:41pm on June 26, 2012,
thanks
Reza Ajorloei's Blog
EURUSD 05 Sep 2012
Posted on September 5, 2012 at 9:34am 1 Comment 2 Likes
Hello All,
Euro moved above 1.26oo handle and as was told before touched weekly channel resistance around 1.2630/50, decline from this last resistance for me not start for another leg down as long as price is above 1.2300/50. I think we will see daily consolidation below 1.2650 and above 1.2400 for even 2-3 weeks ahead. 1.2440/50 is key level support of H4 channel so be cautious regarding to aggressive selling.
I prefer Buying pair below 1.2500 and selling it above…
Continue EURUSD 29 Aug 2012
Posted on August 29, 2012 at 8:50am 0 Comments 3 Likes
Hello all,
Euro well supported above 1.2450 after last run to 1.2580 resistance, after 2 day consolidation in 1.2470-1.2580 range now we can expect pushing rate higher for 1.2630/50 resistance test in coming sessions where 15 months decline resistance is located ( see chart ), also 1.2650/60 is up channel for rising from 1.2040. So my expectation is bullish move to 1.2650/60 resistance albeit in slow pace. In long term view we have to wait and see what will be reaction to this…
Continue EURUSD 23 Aug 2012
Posted on August 23, 2012 at 10:07am 0 Comments 0 Likes
Euro well moved above 1.2500 as was expected in previous post, touching 1.2570 in early Europe morning. Expect consolidation phase above 1.2480/2500 before next leg up nearing 1.2600/2630 resistance, consolidation may continue even tomorrow. Entering long below 1.2500 for 30-40 pips profit taking is recommended with stops below 1.2450.…
Continue EURUSD 21 Aug 2012
Posted on August 21, 2012 at 7:00am 2 Comments 0 Likes
As shown in H4 chart euro is trapped between 1.2280 ( H4 channel support ) and 1.2380 ( triple top resistance ), break and closing hourly candle outside of this range is needed for trend confirmation. Keep in mind fake break of 1.2280/90 support is possible but My view is returning above 1.2400 targeting 1.2600 in coming days. Enter long below 1.2380/2400 with stops below 1.2300 and first targets above 1.2500.
Thanks
Reza…
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