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 Haitham653 on January 22, 2013 at 11:45am

Yes It's not necessary to go to 1.3400 BUT It "might" spike to 1.3400 then fall to 1.3300 !!!

Comment by Florence Lery on January 22, 2013 at 11:58am

maybe we will have to wait for Draghi to speak tonight to give us a clear direction on e/u...

Comment by Haitham653 on January 22, 2013 at 12:17pm

I'm almost sure 99.999% the EURO will break 1.3404 but the smart question is when ?!!!

Today, tomorrow, next week  ...I don't know ?!!

Comment by Florence Lery on January 22, 2013 at 12:19pm

yes me too...that is trading - grrrrrrrrr!!

Comment by Haitham653 on January 22, 2013 at 12:25pm

The bullish trend will remain at least till next April or May , keep that in mind !!

Comment by Florence Lery on January 22, 2013 at 12:31pm

if the daily closes above 3404 - then I will be looking at 300+ pips run...I will keep ur comment in mind!

Comment by Florence Lery on January 22, 2013 at 12:39pm

the last few times e/u came up to 3370 area - there was no correlation with u/c - but today - there is one and also the US Dollar Index - so the way I see it - is that the market is more in order today than it has been for a while...anyway just an observation...:)

Comment by Haitham653 on January 22, 2013 at 1:54pm

Support and resistance levels:

1.3247,1.3279,1.3332,1.3367 and 1.3404 !!!

Comment by Haitham653 on January 22, 2013 at 2:09pm

I've heard that Germany tries to isolate itself from the EURO zone, If this is true say gooood bye to the EURO , anyway...still rumors !!! may be we'll find out the next coming weeks !!!

Comment by Florence Lery on January 22, 2013 at 2:10pm

Where did u hear that Haitham pls? If it is true I don't blame them = 

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