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: 446

Tags: EUR/USD, EURUSD

Comment by Peter jcp on November 16, 2012 at 7:48am

Morning Haitham - Hope you have had a good week so far and today will be very interesting as many forecasting back over 2800 again to try anything between 2825 -50 area. I agree with you its been a sell under the 2780 area and I have 2 very important supports ( interim ones) around 2740-48 price area and the 2726 - 28 ish before your 2717 target?

Also noticed your one hour oscillator is becoming OS so that might allow another 10 -30 pips before a bounce ?

Not counting scalp buys would only start to leave them on over 2764 and 2778 area - to follow the others then looking over 2800+

Have a great day

Regards

Peter 

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 Peter jcp on November 16, 2012 at 3:15pm

Better than me Haitham ;-) - Well Done 

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

WELL DONE HAITHAM... HATS OFF 

Comment

You need to be a member of FXstreet.com Forex Social Network to add comments!

Join FXstreet.com Forex Social Network

Photos

  • Add Photos
  • View All

1 month trial

© 2013   Created by FXstreet.

Badges  |  Report an Issue  |  Terms of Service