EURUSD - Intraday Strategy (06 Mar 2013)

Recommendations: Long positions above 1.3055 with 1.3100 & 1.3140 as next targets.
Alternative scenario: The downside breakout of 1.3055 will call for a rebound to 1.3010/1.2985.
Description: The pair finds support at 1.3055 levels, as long as this level holds, more upward moves are suggested to 1.3100/140 levels, a break below 1.3055 may bring rebound to 1.3010/1.2985 levels, but downside should be contained well above this level to bring another rally to the upside, sustained break below 1.3010/1.2985 levels will reverse risks to the downside and target 1.2915/1.2875 levels.

Best Regards

Haitham

Views: 1884

Comment by Chizurumoke david on March 6, 2013 at 6:40am

Hello Haitham, good and peace be unto you. I would like to ask you about your opinion on Eur/Jpy bcs I bought the pair. thanks

Comment by Alexander B. on March 6, 2013 at 6:56am

I am asking myself if the eur/usd will move slowly as last days or faster?

What is your opinion guys?

Comment by miro on March 6, 2013 at 6:59am

thank you haitham have a nice td

Comment by Bero on March 6, 2013 at 7:08am

Good morning guys :)

And what will be the EU GDP for today up or down here is the problem !!

good luck and big thx to haitham

Comment by Haitham653 on March 6, 2013 at 7:26am

Hello Chizurumoke

EURJPY is neutral , sideways trading is suggested between 118.72 and 125.20 before the next breakout...

A daily close above 125.20 will suggest that falling from 127.70 is finished at 118.72 and the pair will resume its bullish move towards 132.70 levels..

A daily close below 118.72 will suggest that falling from 127.70 is resuming and target 112.25 levels..

Comment by Samuel on March 6, 2013 at 7:49am

Hi Mr Haitham, EU confirm breakout of 1.3055 and moving towards 1.3010? How do you determine whether is it confirmed?

Comment by Bero on March 6, 2013 at 8:16am

haitham how about to put 1 short at 3045 and one long at the same level and wait for profit from one of those levels take profit then wait for a rebound or a reversal mmm to close the other hehehe crazy trade !!

Comment by Alexander B. on March 6, 2013 at 8:22am

Looks like the whole information didnt impress the market?

Comment by spikeone on March 6, 2013 at 8:31am

@bero t.p 1.20 ore 1.60?

Comment by Bero on March 6, 2013 at 8:43am

@spike t.p 1.20 :)

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