EUR/USD & GOLD forecast 25.02.2013
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!
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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
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Comment by Peter jcp on February 25, 2013 at 10:52am -
Well Done yet again Vladimir - great way to start the week off - have a good one regards Peter
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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
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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
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Comment by Vladimir Mihaylov on February 25, 2013 at 11:07am
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@ 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
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Comment by Peter jcp on February 25, 2013 at 11:09am
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I had 16 mins after Vladimar posted his blog price at 3190 - so it was another opportunity to buy there Elric - but even so if you did not manage to get in to after 3200 its still been a nice 60+ pips in the bag ;-))
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Comment by Elric on February 25, 2013 at 11:16am
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understood Vladmir and Peter ~
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Comment by Rizwan on February 25, 2013 at 11:31am
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sir what level do u suggest to open short?
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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...
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Comment by kamdi eloji on February 25, 2013 at 12:39pm
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hi valdamir do you still suggest shorting as close as possible to 1.33 like you said last week?
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