EURUSD- Weekly Chart;Further Upside Risks to 1.3485-1.3835 !

The EURUSD maintained a bullish momentum the past few weeks, pressure will be on the key resistance 1.3485 ,EURUSD will have to hold above 1.2997 on a weekly closing basis to push the market for further upside gains, if seen this scenario could push the market further higher towards the1.3485 levels, where a breach will turn focus on the1.3835 levels.

Alternatively,If 1.2997 fails on a weekly closing basis, expect EURUSD to weaken further towards the1.2661 levels.However; keep in mind that the weekly %R is strongly bullish and pointing higher towards 1.3485/1.3835 levels.

Best Regards

Haitham

Views: 644

Comment by Florence Lery on January 21, 2013 at 7:01am

GM Haitham - do u still have ur pending buy order at 3410 pls?

Comment by Haitham653 on January 21, 2013 at 3:26pm

Hi Florence 

Yes ..I do !!!

Comment by Florence Lery on January 21, 2013 at 5:04pm

Thanks Haitham...:)

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