Pivot: 1.3000

Recommendation:LONG positions above 1.3300 with 1.4000 & 1.4500 as next targets.
Alternative scenario: The downside breakout of 1.3000 will open the way to 1.2660/1.2000.
Description: Bullish momentum breakout has been completed on the monthly chart at 1.3616, this scenario suggests further gains to 1.4000/1.4500 levels, but also bearish correction to 1.3000/1.3300 levels is suggested before resuming the bullish move to 1.4000 levels ,If seen, we can watch the daily or the weekly chart around these levels anticipating rebound to enter long. However keep in mind that the long term trend is bullish as long as the pair trades above 1.3000 levels, losing this level will invalid the bullish view and reverse risks to the downside and target 1.2600/1.2000 levels..

You may read this post, It supports this view:

EURUSD - Yearly Chart Analysis Dec 2012

Best Regards

Haitham

Views: 2104

Tags: EUR/USD, EURUSD

Comment by Mai Gamal on February 1, 2013 at 2:33am
Can I start this deal with your recommendation now ,, or too late
Comment by Haitham653 on February 1, 2013 at 2:52am

Hi Mai

This is long term view, not Intraday,the basic objective of this topic,is to help traders have a preview  about the market movement the next coming months..

example: If the pair pulls back to 1.3000/300 levels  we can watch it on the daily chart anticipating reversal candle or bullish divergence , so we can go long with big target.

Comment by Haitham653 on February 1, 2013 at 3:17am

Keep in mind that any bearish correction - If seen - will be limited by the key support 1.3279 , 10 Jan 2013 high to bring another rally to 1.4000 levels...

Comment by kamdi eloji on February 1, 2013 at 5:59am

morning haith , i just woke up and saw the movement wow, i totally agree with your long term targets but for today what do you reckon what will your targets be?

Comment by Aldi Urban on February 1, 2013 at 6:12am

hi Nathan,

What do you think about EURO this month. Will it touch 1.4150 then turn around? or 1.4671?

Comment by Haitham653 on February 1, 2013 at 8:15am

I believe ,sooner or later, it should test 1.4000 at least, just a matter of time..

Comment by Francesc Riverola on February 1, 2013 at 9:04am

Dear Mai Gamal... if I am mistaken please accept my apologies, but it looks to me that you are here to collect signals from others and trade them. If that is correct, please stop such practice right now.

You have to take your own trading decisions and just use the great knowlege Haitham, Shaun, Vladimir and many others are sharing here as advise for your strategy.

We do not welcome eyes blinded trading here

Comment by Aldi Urban on February 1, 2013 at 12:36pm

Agree to Francesc.....

Comment by Haitham653 on February 1, 2013 at 1:55pm

As long as the daily close  is above 1.3520 eyes on 1.3860 levels, a daily close above 1.3650 will send the pair further higher towards 1.3730, If seen a consolidation between/ around 1.3650/1.3730 is suggested , but a daily close above 1.3730 will advance the pair towards 1.3860 levels...

On the downside, a daily close below 1.3520 will suggest short term topping and might bring deeper correction, If seen, any down move below 1.3520 is supposed to be contained well above 1.3279 and bring another strong rally to 1.3860 level...

Comment by Mai Gamal on February 1, 2013 at 3:30pm

sorry Francesc ,,, i'm biggner and i need to learn forex frome professionals like you ,, when i ask Haitham, Shaun, Vladimir and many others about the deals and why now or when or long or short  not to trade but to know how come the forex ,, and if my questions make you angry ,, i'm sorry to you and all of other people who don't like to learn forex ,,

any way i will learn my self  .. But I considered wrong  that forexstreet.net mean forex with friends

many thanks to you and Aldi Urban and i  promise you that i will stop to put comments Congratulate ...
You success to suppress my freedom and made ​​me feel depression

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