EURUSD Daily Outlook 07 Aug 2012
So far the EURO still unable to make a clear break above 1.2400 levels , but according to daily Williams , we still have bullish breakout last Friday , yesterday's closing showed some hesitation but I still prefer buying at support and selling at resistance ....
Resistance : 1.2400 , 1.2430 , 1.2500
Support: 1.2370 , 1.2290, 1.2170
Trend Direction : Sideways "Neutral"
Recommendation 1 :
Recommended entry : Buy around 1.2370
Recommended stop : Below 1.2290
Recommended target : At desire , Any resistance level !
Recommendation 2 :
Recommended entry : Sell around 1.2500
Recommended stop : 40/50 pips above 1.2500
Recommended target : At desire , Any support level !
Best Regards
Haitham...
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Comment by Haitham653 on August 7, 2012 at 1:24pm -
If EURO falls below 1.2400 without testing 1.2500 , we have high opportunity to go long around 1.2330/1.2290 since strong rebound is suggested from this level toward 1.2500 levels !!!
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Comment by Haitham653 on August 7, 2012 at 3:32pm
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According to 15 min chart, more gains are suggested the next 24 hours ?!!!
Comment
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