EURUSD – Daily Forecast 20 Dec 2013

Recommendations: SHORT positions below 1.3693 with 1.3570 & 1.3500 as next targets.
Alternative scenario:The upside breakout of 1.3693 will open 1.3810/1.3870.
Description:The pair printed resistance at 1.3693 levels, stability below this level on a daily basis will keep the pair under pressure with risk towards 1.3570 ahead of 1.3500.On the upside ; break of 1.3693 on a daily basis will have large bullish implication towards 1.3810 levels, we might see hesitation around this level but breach is likely , above 1.3810 would target 1.3870 next.

EURUSD – Daily Forecast 20 Dec 2013

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Tags: EUR/USD, EURUSD

Comment by Raju Selvaraj on December 20, 2013 at 7:17am

Haith,your prediction for GU please?thanks

Comment by Haitham653 on December 20, 2013 at 8:50am

Hi Raju....

I prefer staying away of GBPUSD these days...the pair is mixed..

The weekly chart is pointing down towards 1.6150 even lower as long as 1.6465 holds on a weekly basis, while the daily chart is very bullish and pointing up as long as 1.6214 holds on a daily basis....

At the moment, the pair may fluctuate between  1.6214 - 1.6465 levels before the next move ..so a daily close below 1.6214 will have large bearish implication towards 1.5850/1.6000 levels...

To resume its upside offensive , the pair needs to break above 1.6465 on a weekly basis...

Trade below 1.6214 or above 1.6465.......

Good Luck..

Comment by Haitham653 on December 20, 2013 at 9:03am

Raju...let's wait for this week close first...

A weekly close above 1.6400 levels is likely to expose 1.6465.....while any weekly close below 1.6400 will make it vulnerable to the downside.....

Comment by colinwbarnes on December 20, 2013 at 1:04pm

thank you Haitham

Comment by Bero maatouk on December 20, 2013 at 1:37pm

helloo Haitham ...

if you can just wanna know your view on AUDUSD ....

Thank youuu

Comment by Bero maatouk on December 20, 2013 at 3:14pm

we have a rejection from 8824 and double bottom on daily this will be a nice entry ..

Comment by Haitham653 on December 20, 2013 at 3:57pm

Hello Bero

At the moment the pair loses its downside momentum , but it remains bearish , resistance is at 0.9070 ahead of 0.9166 (main) , break of 0.9166 on daily would open 0.9450 levels...

Support is at 0.8847 , losing this level on a daily basis would open 0.8700 next....

Comment by Haitham653 on December 20, 2013 at 4:09pm

Forget minor resistance at  0.8969...

Comment by Bero maatouk on December 20, 2013 at 5:47pm

Thank you Haitham :)

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