EURUSD - Intraday Strategy (28 Jan 2013)

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

Views: 2293

Tags: EUR/USD, EURUSD

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

Check out the 15 min chart below, the pair is forming an upward trend line above 1.3424 levels..

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 ?

Comment

You need to be a member of FXstreet.com Forex Social Network to add comments!

Join FXstreet.com Forex Social Network

Photos

  • Add Photos
  • View All

ChartAccess 20% OFF

© 2013   Created by FXstreet.

Badges  |  Report an Issue  |  Terms of Service