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
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 Peter jcp on January 24, 2013 at 1:14pm EU trying a move up and looking at breaching a LH now from this hour change
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 Peter jcp on January 24, 2013 at 5:27pm hi kamdi - in the end I opened up another blog for this afternoon - but had not done one for scalps this morning as EU was so slow - that worked on other pairs.
We reached 3392 so far and as Haitham said - above 3354 it opened the way for higher. Atm whilst above 3362/4 still a chance for another go and then under that support - we have from 3343 to 3350 offering further assistance
I think now we would need really back under 3350 and 3330 to change the present bullish mode - will be interesting to get Haithams view as well
Regards
Peter
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