EURUSD - Intraday Strategy (28 Feb 2013)

Recommendations:SHORT positions below 1.3160 with 1.3120 & 1.3065 as next targets.
Alternative scenario: The upside breakout of 1.3160 will call for a rebound to 1.3195/240.
Description: As long as 1.3160 holds the pair will remain under pressure with further risk for downside move, 15 min close above 1.3160 will open the way to 1.3195/240 levels, a break below 1.3122 is indeed to retest 1.3065, below 1.3065 expect a free fall towards/below 1.3000 levels...

Best Regards

Haitham

Views: 1053

Tags: EUR/USD, EURUSD

Comment by Kh Rahim on February 28, 2013 at 9:15am

sir ,whats your view on g/u please?

Comment by Haitham653 on February 28, 2013 at 9:19am

First target reached , you may exit or move stop to break even ..

Comment by Alexander B. on February 28, 2013 at 9:22am

Why exit guys,you dont think second tager will be reached?

Comment by Alexander B. on February 28, 2013 at 9:31am

I read an opinion the exactly from 1.3109 it will jump to 1.171 and 1.200 what do you think?

Comment by Haitham653 on February 28, 2013 at 10:14am

GBPUSD is trapped between 1.5220/1.5072, in this area sideways move is suggested, above 1.5220 may bring some bullish momentum, but upside should be limited below 1.5320 to bring another decline, below 1.5072 may expose 1.5000 levels..

Comment by Haitham653 on February 28, 2013 at 10:15am

Yes , If 1.3122 holds, the pair may dip to 1.3065, above 1.3122 may retest 1.3150 levels..

Comment by Thamsanqa Sunny Mdlalose on February 28, 2013 at 10:24am

do you provide signals?

Comment by Haitham653 on February 28, 2013 at 11:05am

According to 15 min chart, the pair finds support at 1.3095, If this level holds , the pair may recapture 1.3160 with a breach, losing this level may expose 1.3065 level!!

Comment by Haitham653 on February 28, 2013 at 12:22pm

According to the daily chart, the pair finds support at 1.3017,there is a possibility to retest  1.3189(03 Jan 2013 high)/1.3279(10 Jan 2013 high) levels before any attempt to break below 1.3017, however, a daily close below 1.3017 will open the way to 1.2875/1.2661 levels..

A daily close above 1.3305 will confirm short term bottoming and open the way to 1.3425/1.3520 levels...

Comment by Alexander B. on February 28, 2013 at 8:01pm

Do you think the way down to 1.3017 is open now?

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