Comment by Reza Ajorloei on May 25, 2012 at 11:50am

Have a good weekend karunesh

Comment by Ossbwy on May 25, 2012 at 2:34pm

hi Reza Ajorloei.you were right 1.2600 is resistance but trend broke strong support 1.2500, it touch 1.2494 so now what's you predication about today end will be below then 1.2495 or near 1.2580 and what will be next week trend it will still bearish mean below 1.2500.

Comment by Reza Ajorloei on May 25, 2012 at 2:44pm

Hi Ossbwy

1.2500 is strong support as yet moving 4 pips below 1.2500 don't mean break. All in all today close that I think will be around 1.2600 dictate next week moves. With closing today above 1.2580 we have corrective bullish move at least to 1.2700. Closing below 1.2540 means bearish continuation next week.

Ossbwy, take care about taking shorts below 1.2550 for today, we may see strong run to 1.2600 nearing market close.

Have good trades and happy weekend.

Comment by Karunesh on May 28, 2012 at 3:17am

Hi Reaz,Gud Morn'g..whats your insight on Euro on Monday.

Comment by Reza Ajorloei on May 28, 2012 at 4:26am

Hi Karunesh

For today euro expected to edged higher with 1.2620 and 1.2640 as resistances. Due to US and some Europe in holiday, today we may see limited ranges in market. selling the pair above 1.2620 is suggested yet as I don't think above 1.2700 could be reached. Try to take limited profits.

Comment by Karunesh on May 28, 2012 at 4:50am

Thanks..Do you think if there's a fall will it be contained above 1.25 for today.

Comment by Reza Ajorloei on May 28, 2012 at 5:51am

yes Karunesh, I don't consider break of 1.2500 before testing 1.2680/2700 level.

Comment by Ossbwy on May 28, 2012 at 7:52am

hi reza ajorloei i want to ask that "Is EurUSD test 1.2540 or 1.2545 before go to 1.2680/1.2700 level.

Comment by Reza Ajorloei on May 28, 2012 at 8:22am

Hi Ossbwy, Retest of 1.2520/30 is not ruled out as long as price remain below 1.2630, I think the price will move in tight range below 1.2630 before next bullish move to test 1.2680/2700.

Comment by Karunesh on May 28, 2012 at 2:26pm

Reza..I bought euro 1.258..should I close my position now..or is there a change of rebound today or tomo.

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