Comment by Haitham653 on February 1, 2013 at 8:21am

EURUSD needs to clear 1.3632 - an hourly close - to push the pair further higher towards 1.3700 levels, If 1.3632 holds, it may correct lower a bit before the next rise...

Comment by Haitham653 on February 1, 2013 at 2:37pm

EURUSD  declines and hits the rising support from 1.3414 and 1.3540 around 1.3610 ,pulls-back a little bit , the rising support is supposed to provide strong support, If fails, it may decline to 1.3540...

Comment by Haitham653 on February 1, 2013 at 2:53pm

Today is Friday and the first day of Feb, I wouldn't be surprised at all, If declines to 1.3540..

Comment by Haitham653 on February 1, 2013 at 2:55pm

I'm watching the 1 hour chart anticipating rebound , till seen I'm out !!!

Comment by Haitham653 on February 1, 2013 at 3:07pm

Bearish momentum breakout on the 1 hour chart at 1.3585, more loses are suggested to 1.3540/1.3500 levels as long as the key resistance 1.3673 holds.

However, an hourly close below 1.3585 will accelerate the bearish move to 1.3540/1.3500 levels,If 1.3585 holds on hourly closing basis, a consolidation is suggested between 1.3570/1.3670 with strong fluctuation up and down.. 

Comment by kamdi eloji on February 1, 2013 at 4:20pm

hi haith target achieved and it seems like it still going might it get up 3800 tonite?

Comment by Peter jcp on February 1, 2013 at 6:00pm

I notice both of your targets were hit again today Haitham - well done - great start to a new month - and have a good one regards Peter

Comment by Haitham653 on February 1, 2013 at 6:06pm

H1 trade setup:(Breakout Strategy)

Buy EURUSD with an hourly closing above 1.3711 targeting 1.3790 and 1.3850, stop loss below 1.3673...

Comment by Haitham653 on February 1, 2013 at 6:11pm

Thanks Peter 

You are always welcome ..

Comment by Bero maatouk on February 1, 2013 at 7:08pm

haitham as always impressive forecast and analysis and again and again many thx for ur awesome work :)

we are learning from you keep it up broo .

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