Pivot: 1.3424
Recommendation: LONG positions above 1.3424 with 1.3485 & 1.3520 as next targets.
Alternative scenario: The downside breakout of 1.3424 will open the way to 1.3380/1.3350.
Comment: The pair's already found support at 1.3424, above this level will push the pair higher towards 1.3500 levels, below this level will reverse risks to the downside to 1.3380/1.3350.
Best Regards
Haitham
Comment by Haitham653 on January 28, 2013 at 1:32pm As long as the hourly close is above 1.3424, eyes on 1.3520 levels even higher, an hourly close below 1.3424 will bring deeper correction towards 1.3350 levels..
Comment by kamdi eloji on January 28, 2013 at 1:41pm it seems like the hour will close above 3224
Comment by Peter jcp on January 28, 2013 at 1:48pm Hi Haitham and Kandi - we just had the third HL from 3424 - 27 - 29 - now 30 - and up we try again
Comment by Haitham653 on January 28, 2013 at 1:58pm Hi peter..
According to the 1 hour chart, we have strong support at 1.3424, this level is supposed to push the pair higher 50 - 100 pips, below this level - an hourly close below - will dip the pair to 1.3350 level..
by the way, even If it dips below 1.3424, it might correct lower to 1.3400/1.3380 then reversed in the same hour to close above 1.3424 levels, keep that in mind !!!
Comment by Haitham653 on January 28, 2013 at 2:02pm The EURO has already jumped to 1.3472 almost close to the first target..
Comment by Elric on January 28, 2013 at 2:12pm well done haitham bro, brilliant trade. too bad i can't trade due to some system error with my broker. Cheers to you
Comment by Abdullah on January 28, 2013 at 2:20pm brilliant Analysis,Well done haitham.
Comment by Haitham653 on January 28, 2013 at 2:58pm
Comment by Bero maatouk on January 28, 2013 at 3:19pm Mr haitham thx a lot for ur reply and for the advice i'll keep ur words in my mind :)
best regards
bero
Comment by kamdi eloji on January 28, 2013 at 4:09pm hi haith and peter between 34579 and 3424 is kinda hard for price to break do you reckon it will go below 3406 ?
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