EUR/USD & GOLD forecast 26.02.2013
Berlusconi has triggered my both forecasted strategies yesterday and i hope that you have made some good pips on them. First EUR recovered to 1.3318 then dropped to 1.3040 on risk aversion. We have a suuport @ 1.3030 where is the Senkou Span B of the positive Ichimoku on H4 frame. However breaking below is too early,so if happens and we reach 1.3000 i expect the price to recover quickly above 1.3100 at least - maybe in the next couple of days to 1.3180. We need a retracement back to 1.3200 below breaking 1.3000. Another thing that supports my theory is that the current EUR drop is not based on any econimic data, or ECB decision, drop is driven only on emotions and on the question who will be the next woman in mr.Berlusconi's bed. So i think it will be good to buy here at the current levels and wait for the markets to relax and to rethink again all the facts together with profit taking from short-s will bring the recovery and profit for you :) Where to buy i don't know exactly, but lower is better :)
GOLD seemd stabilized above 1585 but still not able to recover because of the dollar rally. GOLD recovery to start once above 1605 daily close.Below 1580 another fall will take place.
For today:
i expect a consolidation for today and tomorrow and range trade between 1.3020 and 1.3140
LONG around 1.3010-20 SL 1.2990 TP 1.3080-1.3120
SHORT below 1.3140 SL 1.3155 TP 1.3080-1.3040-1.3000
it's quite difficult to predict the market which is emotionally driven so use 'hit and run' strategy
LONG GOLD above 1605 SL 1600 TP 1615-1625
SHORT GOLD below 1680 SL 1685 TP 1672-1664-1650
Good luck!
-
Comment by Elric on February 26, 2013 at 8:32am -
well done vladimir !
-
Comment by Vladimir Mihaylov on February 26, 2013 at 8:54am -
First LONG EUR target has been reached
-
Comment by Bezejmenej on February 26, 2013 at 9:00am -
Perfect work, great.
-
Comment by momochi on February 26, 2013 at 9:14am -
nice one, keep it up mate, atb.
-
Comment by Naranbaatar Bayar on February 26, 2013 at 10:05am -
gratz, it has reached the peak that u have predicted, now comes the tricky part will it go down now, or will it go up bit more to go down?
-
Comment by adnan baloch on February 26, 2013 at 10:06am -
Hello Vladimir,
Hope you're enjoying your trades, when you plan to short the EU in the current scenario ?
-
Comment by Vladimir Mihaylov on February 26, 2013 at 10:33am
-
my position: LONG EUR @ 1.3035 TP 1.3115 +80 pips
-
Comment by Vladimir Mihaylov on February 26, 2013 at 10:35am
-
For attack of 1.3000 we need retracement to 1.3230-40, this is my point of view - of course market may think different. I expect a range trade in couple of days.
-
Comment by Anna Chalenko on February 26, 2013 at 4:41pm
-
Thank you Vladimir,spasibo,truly amazing,euro and gold, both reached the targets!
-
Comment by momochi on February 26, 2013 at 6:51pm
-
really helping my learning, thanks once again
Comment
Photos
ChartAccess 20% OFF
© 2013 Created by FXstreet.
You need to be a member of FXstreet.com Forex Social Network to add comments!
Join FXstreet.com Forex Social Network