EURUSD - Intraday Strategy (09 Jan 2013)
Pivot: 1.3139
Recommendation: SHORT positions below 1.3090 with 1.3045 & 1.3015 as next targets.
Alternative scenario: The upside breakout of 1.3139 will open the way to 1.3185/1.3240..
Comment:Bearish momentum breakout was completed yesterday at 1.3090, more losses are suggested as long as the pair trades below 1.3139, a break above this level will reverse risks to the upside and target 1.3185/1.3240 levels..
Best Regards
Haitham
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Comment by Haitham653 on January 9, 2013 at 7:40am -
Checkout the 4 hour chart below, EURUSD is under strong pressure as long as trades below 1.3139, a 4 hour close below 1.3060 is supposed to bring strong bearish move to 1.2900 levels, but in return a 4 close above 1.3139 will suggest that there's no enough momentum to take the pair down and the pair will extend its bullish move to 1.3240/1.3300 levels , may be higher before the next down !!!
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Comment by Hammad on January 9, 2013 at 11:55am -
outstanding analysis bro...ALLAH may give you more than you pray for
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Comment by Hammad on January 9, 2013 at 12:08pm
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First target achieved
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Comment by Haitham653 on January 9, 2013 at 12:15pm
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Thanks Hammad..
Comment
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