EURUSD - Weekly Strategy (25 Feb-01 Mar 2013)

Recommendations: Long positions above 1.3144 with 1.3290 & 1.3360 as next targets.
Alternative scenario: The downside breakout of 1.3144 will open the way to 1.3090/1.3000.
Description: The weekly close last week above 1.3171 , keeps a chance for a rebound to 1.3485 levels, looking to the weekly %(R) , It's approaching from the oversold area, on the daily chart , a daily close back above 1.3305 will confirm short term bottoming and may retest 1.3425/1.3520 levels, stability below 1.3305 will focus on 1.3000 levels, on the 1 hour chart, as long as 1.3144 holds rebound to 1.3290 levels is suggested even higher, an hourly close below 1.3144 will open the way to 1.3090/1.3000 levels.

In the bigger picture,a weekly close below 1.2997 will confirm topping at 1.3710 and open the way towards 1.2661/1.2000 levels.

Note: strong levels on weekly where rebound is suggested to the upside: 1.3208,1.3090, 1.2965..

Best Regards

Haitham

Views: 3901

Tags: EUR/USD, EURUSD

Comment by Haitham653 on February 25, 2013 at 11:12am

I exit long as recommended Last Friday from 1.3170 at 1.3270, (100) pips , the pair may continue rising toward 1.3290/1.3300 levels..

Comment by kamdi eloji on February 25, 2013 at 11:24am

took mine out too thanks i got in at 1314 few more pips thanks haith you have been amazing

Comment by Haitham653 on February 25, 2013 at 12:07pm

Hi Peter..

Yes I agree with you...

by the way , I voted for you...congratulations...

Comment by Haitham653 on February 25, 2013 at 12:21pm

today's close is critical for buyers and sellers, let's wait and see..

Comment by Haitham653 on February 25, 2013 at 2:16pm

GBPUSD fails to break above 1.5162 and declines as suggested...

Comment by FAISAL KHAN on February 25, 2013 at 4:23pm

Great post thx

Comment by Bero maatouk on February 25, 2013 at 6:44pm

well hii my friend great 100 pips up and 100 pips down and look now what's happening hehehe what a bad day for me i didn't take anything of these 200 pips damn anw good luck for all traders hope they took one of these awesome pips

 best regards

Comment by kamdi eloji on February 25, 2013 at 8:11pm

hi haith great targets , do you reckon it will get to 1.3000 tonight?

Comment by Haitham653 on February 25, 2013 at 8:26pm

According to 15 min chart, buyers found support at 1.3155, after losing this level, It turns to serve as  resistance now, after that buyers finds support at 1.3078, the pair may retest 1.3155 before the next leg down, losing 1.3078 will open the way to 1.3000 levels.On the upside ,above 1.3155 may retest 1.3200/40 levels..

Comment by kamdi eloji on February 26, 2013 at 6:55am

Morning haith , like you said yesterday will price still 1.3155 before down again or further down from the current price

Comment

You need to be a member of Forex Social Network to add comments!

Join Forex Social Network

Members

© 2014   Created by FXStreet.

Badges  |  Report an Issue  |  Terms of Service

Online

Live Video