Comment by Bero maatouk on February 15, 2013 at 1:12pm

haitham hii my friend just wanna know about what do you mean when you say (both of them are diverging the price )which is by another word that we have a positive divergence in that situation?

thank you for this post :)

Comment by Haitham653 on February 15, 2013 at 1:20pm

Yes, Bero, we have bullish divergence under development for both indicators on the daily chart, recovery should be seen above 1.3280 towards 1.3500/600 levels or  If 1.3280 fails, It will start somewhere between 1.3180/1.3000 levels...

Comment by Bero maatouk on February 15, 2013 at 1:28pm

ahhh okiii thank god i'm right and that's because of you my friend i'm learning a lot of things from you :)

thank you for ur reply and ur support

best regards

Comment by Haitham653 on February 15, 2013 at 1:35pm

On the daily chart 1.3279 is critical, we had bullish breakout the past month at this levels, 10 Jan 2013 high, this level pushed the pair higher towards 1.3710 levels,Now It protects the upward move, losing this level - daily close - will weaken the bullish trend and may bring deeper pullback towards the psychological level 1.3000...

I think the pair may jump to 1.3600 levels before attempting any break below 1.3280, let's wait and see!!!

Comment by Haitham653 on February 15, 2013 at 4:03pm

According to the 4 hour chart,the  EURUSD finds bid at 1.3305, this scenario suggests further gains towards 1.3600 levels, but unstable market may be seen around 1.3300 levels before heading towards 1.3600 levels, for example, the pair may dip below 1.3305 - 40/50 pips then reverse to close on H4 above 1.3305..sideways market is strongly suggested around 1.3280/1.3400 levels.

On the upside ,4 hour close above 1.3393 will open the way to 1.3520 levels, above 1.3520 will target 1.3600 levels, Only 4 hour close below 1.3305 will reverse risks to the downside and bring strong bearish move towards 1.3180/1.3070 levels...

Comment by Haitham653 on February 15, 2013 at 5:11pm

The pullback from 1.3710, probably is over around 1.3300 levels, and another leg to the upside -within 2 or 3 weeks -  is suggested towards 1.3850 levels to set the high of this year before sharp fall below / towards 1.3000 levels, I'll explain that with details in my next blog...

Regards..

Comment by Haitham653 on February 15, 2013 at 5:44pm

The GBPUSD remains bearish for testing 1.5300/250 levels, resistance is seen around 1.5630 levels, below this level the pair is strongly bearish , above 1.5630 will take us to the neutral zone for testing 1.5700/800 levels, but overall outlook will remain bearish as long as the daily close is below 1.5803, a daily close above 1.5803 will confirm bottoming and suggests reversal to the upside towards 1.6000/300 levels..

Briefly : 

Below 1.5630 we only short.

Above 1.5630 we can short and long !

Above 1.5803 we only long!!!

Regards..

Comment by Gjert Myrestrand on February 16, 2013 at 9:39am

Interesting and good advice here. I also tend to look closely at risk trends. Very peculiar developments in S&P 500 these days. I base my short/longs in EURUSD very much on equity markets. A sharp move down in S&P500 would certainly take EURUSD down with it. As long as equity markets keep calm and go up, I believe the EUR bull trend will continue. But the latest GDP figures from Europe suggest a limited upside to EURUSD (especially combined with the topping out of equity markets). EURUSD will range between 1,30 and 1,35. In the very short term, I believe we will see EURUSD below 1,3300, but as you say, Haitham, we could see a continuing uptick towards 1,35 before turning south again. That´s just my 10 cents..

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