EURUSD - Weekly Strategy (12-16 Nov 2012)

EURUSD - Weekly Strategy: The Downside Prevails 

Pivot: 1.2875

Recommendation: SHORT positions below 1.2875 with 1.2630 & 1.2560 as next targets.
Alternative scenario: The upside breakout of 1.2875 will open the way to 1.3020 & 1.3139
Comment: the pair is under negative pressure , found dynamic resistance at 1.2875 , buyers may try challenge 1.2747 - 1.2875 levels, If seen intraday trader can watch the market anticipating rejection to short the pair, only a daily closing above 1.2875 will reverse risk to the upside....

Best Regards

Haitham

Views: 490

Tags: EUR/USD, EURUSD

Comment by Haitham653 on November 10, 2012 at 3:49pm

Thanks Jason...

Intraday traders can watch 1.2732(H1), 1.2816 (H1) and 1.2875(Daily), strong cap is expected around these levels...

Comment

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

Members

Join us on Facebook Now!!!

Hi everyone

This website was closed June 2nd 2015.

Please, join us now at Facebook where you can keep sharing your thoughts about Forex with our community of traders:

https://www.facebook.com/superfxnews

OVER 2,500 READERS!!!!

© 2015   Created by FXStreet.

Badges  |  Report an Issue  |  Terms of Service

Offline

Live Video