Hello traders,

Yesterday we had a nice discussion so thank all of you and Peter jcp in particular!

EURUSD may have found its min level at support pivot 1.2955 and already went 100+ pips higher from that point. Above 1.3015 I expect more bullish move to come.

Though my trading is based on short-term positions, I believe EURUSD should try its highs around 1.32 once more and climb up to 1.3350. This scenario doesn't cancel, though, that we may see first another low, say 1.2920...

Returning to intraday positions, we're testing first support trendline on 5 min chart at 1.3030. If we get below it, then we meet support levels at 1.3025, 1.3018 and 1.3015 - a busy area. My initial targets on the upside are set in 75 area.

Your views, comments and charts are very welcome!

Have a safe trading,

Rao.

Views: 387

Comment by Rao Khassan on April 25, 2013 at 8:51am

The move on GU was impressive - it's a pity I'm not into it.

And yes, no clear move on EURUSD. Price stays inside yellow channel on the tick chart. If current attempt to break higher doesn't work, then we'll decline back to 20. 

Comment by Rao Khassan on April 25, 2013 at 8:52am

I still favour upside move on EURUSD. Closed 1/3 of buy position from 1.3030 at 49 and wait of how pair moves around upper line of the yellow channel.

Comment by Rao Khassan on April 25, 2013 at 9:12am

Thanks to tick chart got that precise high at 76 and closed the rest of buy positions there ;)

Comment by Rao Khassan on April 25, 2013 at 9:14am

On 5 min chart we should stay below 75 to get back to 60-64. Once 75 is broken, we may test 95 area.

Comment by Rao Khassan on April 25, 2013 at 9:29am

Entered buy again from 61.

Comment by Rao Khassan on April 25, 2013 at 10:13am

Calm time on the markets. EURUSD may try 52 first before going higher. If we dip below 50, then pair may reverse for further losses.

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