EURUSD - Intraday Strategy (05 Dec 2012)

Pivot: 1.3045

Recommendation: Long positions above 1.3060 with 1.3120 & 1.3145 as next targets.
Alternative scenario: The downside breakout of 1.3045 will open the way to 1.3015 & 1.2985.
Comment:.The pair found support above 1.3060. Now challenges strong resistance on daily and weekly,stability above 1.3108 will bring strong bullish momentum and might test 1.3139/71 levels.

Best Regards
Haitham

 

Views: 934

Tags: EUR/USD, EURUSD

Comment by justin leong on December 5, 2012 at 7:38am

Hi hathaim 

Sorry I meant where would you put the stop loss on this recommended trade?

Comment by Haitham653 on December 5, 2012 at 8:19am

Hi justin...

Few pips below 1.3045...

Comment by Haitham653 on December 5, 2012 at 9:27am

AUDUSD - a daily close (GMT) above 1.0489 - 27 Nov 2012 high - will open the way to 1.0624 levels, a rejection from 1.0489 might test 1.03930 levels...

Comment by Haitham653 on December 5, 2012 at 9:37am

AUDUSD - a daily close below 1.0424 - 20 Nov 2012 high - would weaken the current bullish run and bring sideways move!!!!

Comment by Haitham653 on December 5, 2012 at 10:20am

A 30 min close below 1.3090 might delay the bullish move and open the way to 1.3072/58 levels, stability above 1.3090 will keep the bullish momentum strong and intact...

Comment by Haitham653 on December 5, 2012 at 5:16pm
Hold your longs, EURUSD is heading to 1.3171 at least , even 1.3200 is suggested, just incase make your stop at 1.3040...
Regards....
Comment by Haitham653 on December 5, 2012 at 8:09pm

A 30 min close above 1.3090 will open the way to 1.3126 , above 1.3126 look for 1.3170 levels..

On the 15 min chart, strong bullish reversal under development!!! 

Comment by justin leong on December 6, 2012 at 6:54am

thanks haitham. Hope the trend holds.

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