Seems that EUR has found a temporary support around 1.3150, which is a little bit lower than 1.3170 which is the real support. If the price breaks 1.3220 resistance i expect the recovery to extend to 1.3290

Breaking below 1.3150 will lead to 1.3100 or 1.3060. I think it is too early to test 1.3000 anf if we somehow reach 1.3060, the price will bounce up to 1.3260 before next wave down. Long legged doji from Friday suggests that it is possible EUR to enter in recovery mode to 1.3300.

GOLD has stopped at the resistance zone 1585, breaking above 1590 will open the way to recover up to 1620, and fail will mean another drop to 1550.

For today:

LONG EUR above 1.3150 SL 1.3140 TP 1.3220-1.3250-1.3280

LONG EUR above 1.3190 SL 1.3150 TP 1.3260 (for agressive traders only)

SHORT EUR below 1.3140 SL 1.3155 TP 1.3100-1.3080

SHORT GOLD below 1575 SL 1680 TP 1555-1545

LONG GOLD above 1595 SL 1590 TP 1610-1620

Good luck!

Views: 2094

Tags: EUR, GOLD, USD

Comment by Vladimir Mihaylov on February 25, 2013 at 10:48am

Target 1.3260 has been reached, my position LONG EUR @1.3190 TP1.3260 +70 pips

Comment by Rizwan on February 25, 2013 at 10:54am

sir i like ur comments , do u think that euro will move down after little up

Comment by Elric on February 25, 2013 at 11:01am

it had passed 1.3190 when you had posted this!! oh well, nice analysis and great +profit

Comment by Vladimir Mihaylov on February 25, 2013 at 11:07am

@ Elric - you know that every post here must be checked by the owner before published, so i don't know when it will be published and appear on the site. 

@ Rizwan - it will go down after the current correction is over

Comment by Elric on February 25, 2013 at 11:16am

understood Vladmir and Peter ~

Comment by Rizwan on February 25, 2013 at 11:31am

sir what level do  u suggest to open short?

Comment by Umut Esmer on February 25, 2013 at 12:36pm
Do you still suggest shorting as close to 1.33 as possible, as you did last week?
Congratulations on well informed and accurate analysis. Definitely a follower for good...
Comment by kamdi eloji on February 25, 2013 at 12:39pm

hi valdamir do you still suggest shorting as close as possible to 1.33 like you said last week?

Comment by Rizwan on February 25, 2013 at 1:20pm

sir what do u said that euro willl go up or down?

 

Comment by Rizwan on February 26, 2013 at 4:31am

Sir,Waiting for your today blog

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