Recommendations: LONG positions above 1.3693 with  1.3870 &  1.4025 as next targets.
Alternative scenario:The downside breakout of 1.3693 will call for a slide to 1.3620/1.3520.
Description:The pair printed support at 1.3726 ahead of 1.3693 (main) , stability above 1.3693 on a daily basis could mean a return to the 1.3810 levels , break of 1.3810 would target 1.3870 next , further out will aim the 1.4025 levels. On the downside ,  losing 1.3693 on a daily basis would reverse risks to the downside towards 1.3620/1.3520 levels.

EURUSD – Daily Forecast 17 Dec 2013

Views: 746


Comment by Md.Masudur Rahman on December 17, 2013 at 7:44pm

Dear,Most of the time i follow your analysis and i seen it very effective all the time.Recently eur/usd  not making any higher high or lower shown that it could go 1.3800+.Do u think FOMC make any impact for QE tapering in December.

Kindly give us a analysis for up coming FOME anf QE Tapering in december,


Comment by Haitham653 on December 18, 2013 at 4:59am

Hi Md... long as 1.3693 holds , the risk will remain high toward 1.3870 ahead of 1.4000 levels...

About FOMC , I don't think they will make any critical changes , I think things will stay the way they are ?!!!

So , for that reason ,I think  the FED is likely to refrain from taper in December !!!

but also remember ; taper in Dec couldn't be ruled out ?!! especially if we have strong data today ?!!!

Comment by Haitham653 on December 18, 2013 at 8:13am

I expect the market to shift to a new trading zone in the next 48 hours , 300-400 pips even more............EURUSD most likely will move upward !!!!

Comment by ra ima on December 18, 2013 at 9:08am

What is your view on GDP/USD

Comment by Haitham653 on December 18, 2013 at 1:31pm

GBPUSD rose after positive -UK - Claimant Count Change , the pair is waiting for FOMC now...

At the moment ,It trades around critical resistance on daily at 1.6360 levels...a rejection from this level is likely to retest 1.6220 levels... a daily close above 1.6360 would challenge / expose 1.6465 levels...  

Comment by Haitham653 on December 18, 2013 at 2:40pm

EURUSD  may reach 1.4280 before Christmas or by the end of the year....this view is valid as long as 1.3693 holds , a daily close below 1.3693 would delay or invalid this view ?!! 


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