EURUSD - Intraday Strategy (24 Jan 2013)

Pivot: 1.3354

Recommendation: SHORT positions below 1.3354 with 1.3280 & 1.3250 as next targets.
Alternative scenario: The upside breakout of 1.3354 will open the way to 1.3400/1.3450.
Comment: The pair was capped yesterday by the upper trend line of the downward channel , and the bearish divergence , more loses to 1.3250 levels are suggested, above 1.3354 will reverse risks to the upside to 1.3400/450 levels.. 

Best Regards
Haitham

Views: 2109

Tags: EUR/USD, EURUSD

Comment by Haitham653 on January 24, 2013 at 6:49am

30 EMA...

Comment by Haitham653 on January 24, 2013 at 8:00am

Nice and quick fall...

Comment by A.KHAN on January 24, 2013 at 8:03am

will this fall will be continue

Comment by Haitham653 on January 24, 2013 at 8:05am

Most likely, it will !!!

Comment by hanselian on January 24, 2013 at 8:22am

You are the master.. Thank you so much Haitham..

Comment by kamdi eloji on January 24, 2013 at 1:01pm

hi haith i just came in late and saw all these movements , price clearly moved perfectly well towards ur short forecast well done! and at the moment price is around 333271 so whats next does your short forecast still apply again or ?

Comment by Francesc Riverola on January 24, 2013 at 1:07pm

Raj.... ???? what does that mean?

Comment by kamdi eloji on January 24, 2013 at 1:16pm

hi peter is moving up now but how high will it go

Comment by kamdi eloji on January 24, 2013 at 5:54pm

thanks peter , i think you might be right cos currently i am in short with target 3350 but if it doesnt get there i will take it off and go long again cos it still looks bullish

Comment by Haitham653 on January 24, 2013 at 6:10pm

looking to the 15 min chart , I can see a reversal candle below 1.3404, I wouldn't be surprised If the pair declines to 1.3290 or even break below 1.3250 tomorrow !!!

Anyway. an hourly close back below 1.3354 will open the way to 1.3300/250 levels..

a break of 1.3404 will advance the pair at least 100/120 pips !!!

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