EURUSD - Intraday Strategy (12 Nov 2012)

Pivot: 1.2790

Recommendations: SHORT positions below 1.2750 with 1.2700 & 1.2670 as next targets.
Alternative scenario: The upside breakout of 1.2790 will open the way to 1.2816 & 1.2857
Comment: the pair is under pressure ,may break below 1.2690 today, only stability above 1.2790 will reverse risk to the upside in short term testing the main resistance around 1.2875 levels..

Best Regards

Haitham

Views: 302

Tags: EUR/USD, EURUSD

Comment by Haitham653 on November 12, 2012 at 2:32pm

EURUSD already found resistance at 1.2739, this scenario makes 1.2750 much stronger, a clear break below 1.2700 would test 1.2670/40 levels in short term..A daily closing below 1.2700 might bring a free fall towards 1.2540/10 levels....

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