Comment by Florence Lery on January 19, 2013 at 11:59am

Haitham - thank you for sharing your view on e/u - I am already long but will watch the level on daily close at 3278 in case it goes that way...:)

Comment by Haitham653 on January 19, 2013 at 5:56pm

EURUSD found fractal on the daily chart at 1.3256 - 16 Jan 2013 low - this scenario will suggest more gains at least to 1.3550 levels...

Comment by Gjert Myrestrand on January 19, 2013 at 9:44pm

I believe we will see 1,3200 quite early next week. The reversal is already overdue. Many good numbers from the US, and mostly bad from Europe. I think the bull rally is tired now. At least for next week.

Comment by Forex Pro on January 19, 2013 at 11:27pm

I will be looking to go long once market opens tomorrow  and later will short the pair from good level ie 1.3340-50 or even higher if it goes ..with rejection upwards.. thanks or your analysis. Waqar

Comment by TONY on January 20, 2013 at 3:19am

Thanks Haitham for your excellent work. The credibility of your analysis is very high esp.after the last Friday when you caught the top at 1.3399 so precisely hours before it actually occurred.it was even more difficult on a day when EJ was moving up like being crazy ....ur talent speaks for itself. We are so fortunate to have you here :))

Comment by Dipak Patil on January 20, 2013 at 4:49am

us index made traingular sight so i would not say to very highs for eu it just supported by EURGBP my details telling me to shorts from 1.3400 max and will not go higher before touching to 1.3150

Regards,
DIP'S

Comment by Haitham653 on January 20, 2013 at 6:41pm

I've said before that we had bullish momentum breakout on the daily chart at 1.3279 - 10 Jan 2013 high, check out the 4 hour chart below , last Friday the pair dipped from 1.3398 to 1.3279, then rised to 1.3332, If we check the 4 hour chart, we can see clearly that %R is diverging the parice at the main support at 1.3279, so tomorrow or next Tuesday, I woudn't be surprised at all, If the market continues to rise slowly in tricky way and surpass 1.3404 to 1.3485 levels!!

What I wanna say is selling the pair above 1.3279 is risky too much, we need a breach or 4 hour close at least below 1.3279 levels to reverse risks to the downside..

Comment by Florence Lery on January 20, 2013 at 6:53pm

I agree with your bullish view Haitham which is also supported by a bullish flag on the daily chart I believe - 

Comment by Gjert Myrestrand on January 20, 2013 at 8:51pm

We are dipping a bit down at market open it seems. I will reduce my position at 1,3320, so that I can stand 1,3360, but I doubt it will go any higher for now.

Comment by Haitham653 on January 21, 2013 at 7:15pm

According to the 4 hour chart, the long entry(breakout) is at 1.3335, S/L@ 1.3275, target 1@ 1.3390, target 2@ 1.3445, target 3@ 1.3500...

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