EURUSD Daily Outlook 05 Apr 2012
The EURUSD continued its bearish momentum yesterday,topped at 1.3233 and closed at 1.3143; After closing below 1.3212 on daily chart , I assume another bearish move today testing the key support 1.3120/1.3080 zone, a clear break below this area would lead for more losses testing the key support 1.3050/1.3000.
Immediate resistance is seen around 1.3160, stability below 1.3250 is indeed to keep the bearish move suggested for today valid,breaking above 1.3250 would mix up things and may test 1.3300/350 area..
Best Regards
Thursday 05 Mar 2012 06:26
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Comment by Haitham653 on April 5, 2012 at 8:15pm -
Hello Ossbwy, Tomorrow is holiday , I think we might wetness a choppy market , the pair probably would range between the key support 1.3030 and the key resistance 1.3080 ..
Regards...
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Comment by Haitham653 on April 5, 2012 at 8:50pm
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Update: Any bullish move should be capped by the key resistance 1.3164, a clear break above this level - especially daily close - could stop the current bearish outlook and should target 1.3300 level, so , keep selling the pair as long as 1.3164 holds....
Regards...
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Comment by Haitham653 on April 5, 2012 at 8:57pm
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Hint: If we witness a breach - possible false breakout - above 1.3164 , wait for H1 or H4 close below 1.3164 then short with target at 1.3000...
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Comment by Ossbwy on April 5, 2012 at 9:07pm -
tomorrow is holiday means but tomorrow is friday not saturday or sunday. then we will be holiday tomorrow. Is there any special holiday tomorrow.
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Comment by Haitham653 on April 5, 2012 at 9:18pm
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Comment by Ossbwy on April 5, 2012 at 9:27pm
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oh ok. and thanks for telling me about EURUSD trend, and Sir,we will wait for your 6 April new post.ok bye.
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