EURUSD - Intraday Strategy (12 Feb 2013)
Pivot: 1.3427
Recommendation: SHORT positions below 1.3427 with 1.3380 & 1.3350 as next targets.
Alternative scenario: The upside breakout of 1.3427 will call for a rebound to 1.3460/90.
Comment: The pair put a temporary top at 1.3427 on the 1 hour chart, as long as this level holds more loses are suggested towards 1.3380/50 levels, an hourly close close below 1.3350 is indeed to accelerate the bearish move towards 1.3270/1.3150 levels.On the upside an hourly close above 1.3427 will call for a rebound towards 1.3460/90 levels.
Best Regards
Haitham
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Comment by Haitham653 on February 12, 2013 at 7:56am -
Buy GBPUSD at 1.5650, target 1 at 1.5690, target 2 at 1.5740, target 3 at 1.5800, stop loss at 1.5620...
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Comment by adebayo kazeem on February 12, 2013 at 9:27am -
i have a pending @ 1.5600 should
i amend
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Comment by Haitham653 on February 12, 2013 at 10:11am
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GBPUSD trades at critical level, a daily close below 1.5630 will extend the bearish move towards 1.5500/450 levels and may be lower toward 1.5300 levels..
A daily close above 1.5630 may bring rebound towards 1.5800 levels..
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Comment by Bero maatouk on February 12, 2013 at 11:47am -
haitham hiii my friend w have passed ur current level at 1.3427 !! do you still see an hourly close above will take us to 1.3490 or 1.3500 levels ??
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Comment by Haitham653 on February 12, 2013 at 12:13pm
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Yes, 1.3500 is suggested , but it may dip to 1.3415/25 before rising to 1.3500...
To resume downside, we need 2 or 3 hourly closing back below 1.3427 levels to retest 1.3350 levels...
Anyway, the most important is the daily close today, If closes above 1.3428, eyes will be on 1.3540/70 levels, If closes below 1.3428 most likely 1.3350 will be tested once again..or even breached..
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Comment by Bero maatouk on February 12, 2013 at 12:23pm
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Mmm interesting from now on okay my friend thank you for ur reply we will see what's gonna happen at the end of this day :)
best regards :)
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Comment by Haitham653 on February 12, 2013 at 2:12pm
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Looks like the EURO is capped by static resistance at 1.3458 and the 4 hour (100)SMA around 1.3457 levels, let's wait for the next H4 close..
Anyway, 4 hour close above 1.3465 may push the pair towards 1.3540/70 levels...
another rejection from this level may dip the pair towards 1.3350 levels..
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Comment by Haitham653 on February 12, 2013 at 2:12pm
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If the pair closes today below 1.3428, most likely will move sideways for a few days before sudden fall towards 1.3270/150 levels...
A daily close above 1.3428 will open the way to 1.3570 levels...
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Comment by Viktor on February 12, 2013 at 6:18pm -
And EURJPY, wild moves today
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Comment by pavlos antonopoulos on February 12, 2013 at 7:19pm
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Haitham hi
can you please tell us if at 1,3580-95 we will see a direct drop to 1,3270-60 level first and then direct bullish rise to 1,3741 -1,3843 or the opposite?
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