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

Views: 614


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 ..


Comment by Haitham653 on April 5, 2012 at 8:50pm

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....


Comment by Haitham653 on April 5, 2012 at 8:57pm

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...

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.

Comment by Haitham653 on April 5, 2012 at 9:18pm

Good Friday , The last Friday preceding Easter Sunday, It's is a religious holiday, European and and U.S players would be out ?!!!!

Comment by Ossbwy on April 5, 2012 at 9:27pm

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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