Comment by FAISAL KHAN on February 6, 2013 at 7:18am

Thank you sir.

Comment by Haitham653 on February 6, 2013 at 7:25am

The 30 min chart is strongly bearish below 1.3597...

Comment by Haitham653 on February 6, 2013 at 7:39am

First target achieved...I exit short from 1.3570 at 1.3540...

Comment by Forexsquare on February 6, 2013 at 7:54am

same with me.. i a open order sell at 1.3570 :) and already closed on 1.3550

Comment by Priyank Nevatia on February 6, 2013 at 8:11am

Well done Haitham, both your targets have been achieved. Now lets see if we are able to break down below 1.35 to test 1.3460 again

Comment by Haitham653 on February 6, 2013 at 9:08am

Looking the 4 hour and 1 hour chart, I do don't see any sign of bottoming around 1.3458, basically I see the opposite,the pair makes a lower high (1.3711/1.3597). anyway the market's failure at 1.3597 helped form the sloping resistance line of the downward channel which may lead for a break below the falling support at 1.3458, If seen the pair will extend its weakness towards 1.3400/300 levels..

On the weekly and the daily, the pair still bullish but we are in a corrective wave - as long as 1.3710 holds - towards 1.3400/300 levels before the next rise ...  

Comment by Haitham653 on February 6, 2013 at 9:57am

EURUSD may rise to 1.3570/80 before the next fall towards 1.3400 levels, only break of 1.3597 will delay the bearish move..

Comment by vibha teotia on February 6, 2013 at 11:58am

SIR, How to trade ECB rate decision tomorrow?

Comment by Satish Kumar on February 6, 2013 at 12:39pm

99% are saying that rate decision will be same as before,, after that only Mr Dragi's remarks (expected +ve) will move the market towards upward upto 3740. 

Comment by Haitham653 on February 6, 2013 at 1:34pm

1.3740 based on what ?!! It's only guessing !!!

The last rise that happened the past 2 weeks, killed the small and the medium merchants (trades) in the EURO zone , any rise now is wrong and think Mr Dragi understand what's happening now !

People needs to take a breath !!!

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