Comment by Dipak on June 13, 2012 at 8:17am

Thanks for your view Haitham

Comment by nader on June 13, 2012 at 8:36am

Many thanks Haitham Iam on 1.2521

Comment by Haitham653 on June 13, 2012 at 8:50am

pair's move is abnormal , yesterday breached below1.2448 , It was supposed to pullback 40 or 50 pips then declined below 1.2448..but It corrected around 100 pips....this is too much ?!!!

I think the EURO will keep moving sideways with tend to be bullish the rest of the week , buying the pair at support is recommended !!! (1.2450/30).....sell zone (1.2530/70)....

Incase we witness a break above 1.2570 ; buy zone is 1.2500/1.2520

................................................ 1.2620 ; buy zone is 1.2530/1.2550

.................................................1.2680 ; buy zone is 1.2600/1.2620

A clear break below 1.2440 is supposed to resume the bearish trend but I think It's not easy at least this week !!

Comment by Andrey on June 13, 2012 at 9:19am

Haitham653 thanks for clarifications

Comment by Haitham653 on June 13, 2012 at 11:25am

Buy EURUSD around 1.2480, stop loss 1.2430 , take profit 1.2540 & 1.2570...

Comment by Haitham653 on June 13, 2012 at 12:59pm

As I see , the EURO raised almost 120 pips from yesterday's low , this is too much , I don't think the pair is able to go beyond this at least today , breaking of 1.2570 is beyond EURO strength and It would bring massive sells , the whole world is waiting for elections in Greece so this is not the time to make big moves , as a result of this I assume the EURO to range between 1.2560/1.2520/10 zone today !!! before the next move !!!!

Comment by michealfxxxxxxxxxxxx on June 13, 2012 at 3:25pm

is euro good to sell @26400

Comment by Haitham653 on June 13, 2012 at 3:47pm

The Bullish move may extend toward 1.2620/40 then consolidation is suggested before the next move !!!!

Comment by Ossbwy on June 13, 2012 at 5:09pm

hi haitham653 what do you think now 1.2611 enough high for today now we should see sell here for 1.2550.

Comment by Haitham653 on June 13, 2012 at 6:38pm

Hello Ossbwy, 1.2620 has breached before and isn't that strong, the bullish move may extend toward 1.2620/40 area or consolidated around 1.2600...before next move....

I think next week we'll get out of range with clear trend !!!

 

Comment