EUR/USD & GOLD forecast 24.01.2013
EUR is performing a consolidation within 1.3260-1.3360 range and on H4 entered the positive Ichimoku, and if in the next 48h from the time of writing the price is not able to close above 1.3360, then it will face the risk to drop 1.3170 and maybe below to 1.3060-30. The support remains 1.3260-70 if we have a daily close below that - then sell with a first target 1.3200 and second 1.3170, third 1.3120 and fourth 1.3060.
On the upside go long above 1.3360 with first target 1.3390-1.3400, then 1.3450-80, and finally 1.3520.
Today there is plenty of data, do not trade the data, watch the charts and follow the price, do not try to determine yourself if any news is positive or negative, the market will tell you what it really is. Use range trade between 1.3280 and 1.3340 combined with hit and run.
GOLD has given up and the H4 close below 1680 will lead to at least 10 USD more below. Seems that it is not enough mature to break the 1695-1700.
For today:
LONG EUR above 1.3275 SL 1.3260 TP 1.3340-50 add to long above 1.3365
SHORT EUR below 1.3350 SL 1.3365 TP 1.3280-70 add to short below 1.3260
SHORT GOLD below 1677 SL 1682 TP 1667 - 1658 -1647 - 1627 -1605
LONG GOLD above 1688 SL 1683 TP 1695-1700 and above (it's too risky, so prepare some alcohol to drink)
Good luck!
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Comment by Kevin Henry Ostermey on January 24, 2013 at 5:57am -
Dear Vladimir, my buy order for EURO/USD kicked in late yesterday afternoon at $1.3285 and at the moment not sure which direction this trade will take as it is a very choppy trade currently. I'm however still confident that it will reach the first take profit target of of $1.3380 as I see the pair is currently SLIGHTLY BEARISH AND NEUTRAL WITH S1 1.3246 AND R1 1.3336. Once again your daily forecasts are appreciated greatly! Keep up the good work Vladimir. Kind regards, Kevin
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Comment by Amachree Tamunonye Herbert on January 24, 2013 at 9:54am -
Good job! Vladimir..and good advice too for EUR/USD traders..In my opinion,price will range within your given limits for today,friday and maybe monday next week after which we're heading for 1.3190
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Comment by Vladimir Mihaylov on January 24, 2013 at 4:57pm -
Primary forecasted for today LONG EUR and SHORT GOLD targets reached.
Comment
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