EURUSD 1 Mar 2012
Euro yesterday decline showed possible top at 1.3486, now we should expect next move down around 1.3180/1.3150 where move from 1.2975-1.3485 will retraced in 61.8%, another reason for this move is trend line channel comes from 1.2620 low currently is around 1.3080 but in mind due to time reason I think this down leg will take more time to complete. For today my expectation is range move above 1.3270 and below 1.3380.
Recommendation: Enter long below 1.3300 for 1.3350/60 target and Enter short above 1.3360 for 50-70 pip slide.
GL
Reza Ajorloei
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Comment by Reza Ajorloei on March 1, 2012 at 9:45am -
Euro is trying to move above 1.3350, focus is on 1.3370/80 ( Day pivotal point)
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Comment by sammy123 on March 1, 2012 at 1:52pm -
1.3300 is the round level which i believe eur should move up but right now the level has being broking what do you think
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Comment by Reza Ajorloei on March 1, 2012 at 2:33pm
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I think we should see upward move albeit as corrections, resistance levels are sited at 1.3360/80 and 1.3400 from there another sell setup could be initiated.
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Comment by sowMa on March 1, 2012 at 4:11pm -
you people are really good at prediction
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Comment by Reza Ajorloei on March 1, 2012 at 4:26pm
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Sometimes market just moves inline with our view.!!!!
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