EURUSD - Intraday Strategy (16 Nov 2012)

Pivot: 1.2801

Recommendations: SHORT positions below 1.2780 with 1.2717 & 1.2660 as next targets.
Alternative scenario: The upside breakout of 1.2801 will open the way to 1.2840 & 1.2875..

Comment:The pair found resistance at 1.2801, it tries topping at this level.

 

Best Regards

Haitham

Views: 464

Tags: EUR/USD, EURUSD

Comment by Haitham653 on November 16, 2012 at 8:16am

Hi Peter and thanks for your comment..

EURUSD is under pressure, we have bearish momentum breakout at 1.2755,, the pair is expected to test 1.2760/70 levels before falling towards 1.2717 levels at least, only a break above 1.2801 will reverse risk to the upside testing 1.2840/75 levels...

Regards

Haitham..

Comment by Haitham653 on November 16, 2012 at 3:10pm

Week Recap:

6 successful trades in a row from Monday to Friday, 5 for EURUSD and 1 for GBPUSD

Regards

Haitham

Comment by gladwin dsouza on November 17, 2012 at 5:01am

WELL DONE HAITHAM... HATS OFF 

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