EURUSD Intraday Forecast Apr 08 2014

Recommendations: SHORT positions  below 1.3805 with 1.3750  & 1.3720 as next targets.

Alternative scenario: The upside breakout of 1.3805 will call for a rebound  to 1.3827/45.

Description: Intraday outlook in EURUSD remains on the downside as long as resistance 1.3805 holds on hourly basis, support comes at the 1.3750 levels , a break would open 1.3720 next, further downside will aim the 1.3690 levels. On the upside , a break above the 1.3805 levels  will turn outlook neutral for retesting 1.3827/1.3845 levels before the next fall, sustained trading above the 1.3845 would challenge – expose – 1.3875 and pave the way towards the 1.3996 levels…

Support & Resistance : 1.3640 , 1.3693,1.3720 , 1.3720, 1.3805 (PIVOT), 1.3827   ,1.3845 , 1.3875

Views: 405

Comment by Michel Miles on April 8, 2014 at 1:23pm

Hi Mr. Haitham, Why did you become so wise today? Do not think more than the euro will soon come to 1.40?

Comment by Oasis on April 8, 2014 at 1:42pm

Hi Michel, Haitham is too much of a gentleman so I don't believe he will respond to your provocative remarks. All I can say is the following - (1) He is completely unemotional in his trade calls - he says what he does based on his analysis only. (2) Even though I don't follow his (or anyone else's signals) just by judging from other people's comments I can say that he perhaps has the largest following here and traders have benefited from his analysis. (3) Even in this post he has mentioned the importance of 1.3805, so you need to understand his blog better.

Comment by Michel Miles on April 8, 2014 at 1:55pm

No provocation from me! I follow Mr. Haitham and I respect him!  His analyzes are always correct and the best forecasts in the forex market has made by him on this blog. Infact I'm short from 1.38!

Comment by Jeera Blade on April 8, 2014 at 2:29pm


Michel dnt write these kind of words for Haitham he is doing all these for site members so please with respect...............

Comment by Michel Miles on April 8, 2014 at 2:39pm

You have misunderstood me. I did not want to offend Mr. Haitham. I will respect him. Anyway, I apologize for my comment.

Comment by Davaanyam on April 8, 2014 at 3:09pm

Your analysis result are more carefully high probability....

Comment by Md.Masudur Rahman on April 8, 2014 at 3:28pm

What about AUDUSD.

Comment by Md.Masudur Rahman on April 8, 2014 at 7:28pm

Today usd index is so weak.Is there any fundamental reason behind that.Plz explain and what would be FOMC plan in there next meeting.


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