EURUSD - Intraday Strategy (22 Jan 2013)

Pivot: 1.3332

Recommendation: LONG positions above 1.3332 with 1.3365 & 1.3390 as next targets.
Alternative scenario: The downside breakout of 1.3332 will open the way to 1.3279/1.3247.
Comment: The pair's already broken above the key resistance 1.3332, above this levels will push the pair higher towards 1.3365/90 levels, even may break above 1.3404, below 1.3332 will call for a rebound to 1.3279/1.3247 levels..

Best Regards
Haitham

Views: 2209

Comment by Florence Lery on January 22, 2013 at 10:28am

:)

Comment by Florence Lery on January 22, 2013 at 10:31am

BTW Haitham - ur SL for ur pending order at 3410 is at 3390 pls? Is this right? Sorry to bother you with so many questions!!

Comment by Haitham653 on January 22, 2013 at 10:34am

yes it's 1.3390, I believe the market will pass 1.3404 strongly, I won't risk more than 20 pips!!!

Comment by Florence Lery on January 22, 2013 at 10:35am

u are a wise man...:) and thanks

Comment by Haitham653 on January 22, 2013 at 10:40am

If you back to my blog last Friday , I said we had bearish momentum breakout at 1.3367, for this reason my first target was at 1.3365 !!!

this level serves as strong resistance today, I think above 1.3367 may expose 1.3404 !!!

Comment by Florence Lery on January 22, 2013 at 10:43am

Hope it does - also we have a bull flag on daily - ur analysis are very good Haitham...

Comment by Haitham653 on January 22, 2013 at 11:27am

Below 1.3404, may back to 1.3270 levels, above 1.3404 will target 1.3500 levels !!

Comment by Florence Lery on January 22, 2013 at 11:36am

thanks for the reminder...:)

Comment by Haitham653 on January 22, 2013 at 11:39am

Looks like the EURO can't "RISK" too much and break above 1.3404, most likely, will continue to range between 1.3250/1.3400 levels, but If 1.3404 breached it will rise at least 100/120 pips !!

Anyway sell at 1.3390(If reached) , stop loss at 1.3410, buy at 1.3410, stop loss 1.3390, target for both trades 100 pips !!! 

Comment by Florence Lery on January 22, 2013 at 11:42am

noted..:)

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