EUR perforemed a flat consolidation in a range between 1.2720 and 1.2790. For today i'm expecting the same to continue between 1.2700 and 1.2775. Only a Daily close above 1.2820 will make the outlook more bullish in short term. We have A Daily Ichimoku border @ 1.2650 and if broken EUR will be sold heavily which may bring the price well below 1.2600. If we have a Daily close above 1.2820, bull will take control but only to reach 1.2920. If break of it is unsuccessfull bears will take the price below 1.2700 and Ichimoku will be doomed. If we are not able to make a daily close above 1.3030 till the end of this month - a fall to 1.2400 will follow at the beginning of December - this is my overview, and i'm not promising to happen like this, just sharing my thoughts.

GOLD is also trying to find a direction and the outlook is till negative. We need a daily close above 1730 to restore the upside move.

For today:

SHORT GOLD below 1728 SL1732 TP 1708-1700-1690

LONG GOLD on H4 close above 1730 SL1725 TP1740-45

LONG EUR above 1.2740 SL1.2720 TP1.2820

SHORT EUR below 1.2670 SL 1.2700 TP 1.2605

Good luck!

Views: 687

Tags: EUR, GOLD, USD

Comment by Sukanta Kashari on November 19, 2012 at 8:33am

i bought euro/usd at 1.2748.can i close it or hold it?

Comment by Francesc Riverola on November 19, 2012 at 9:39am

Dear Sukanta... do not take this comment in the wrong way, but you should not be asking Vladimir what to do with your trade, you should decide it by yourself

Comment by Kezzie on November 19, 2012 at 9:49am

Hello Sukanta...I do so agree with Francesc. Vladimir's posts are always most helpful, but one can never be 100% sure about the direction of the markets. I've made some, I've lost some....probably like most people.

Comment by Vladimir Mihaylov on November 19, 2012 at 4:05pm

Long EUR target has been reached, GOLD is trying to turn to the upside, it is important to close the day above 1730

Comment by Srinivas dev on November 19, 2012 at 4:11pm

I always find your analysis very useful. Would you see a Short position on Eurusd as Other analysts are saying it is bearish. thanks in advance

Comment by Vladimir Mihaylov on November 19, 2012 at 6:29pm

@Srinivas - EUR is still bearish until a daily close above 1.2820-30, where the MA200 passes

Comment by Srinivas dev on November 20, 2012 at 3:23am

thanks I will bear in mind

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

Offline

Live Video