EURUSD - Weekly Strategy (26-30 Nov 2012)

The Upside Prevails


Pivot: 1.2735

Recommendation: Long positions Above 1.2735 with 1.3020 & 1.3171 as next targets.
Alternative scenario: The downside breakout of 1.2735 will open the way to 1.2560 & 1.2400.
Comment:.As long as 1.2735 holds, the pair is bullish, a daily close below 1.2735 will reverse risk to the downside and target 1.2560/1.2400 levels..

Best Regards
Haitham

Views: 928

Tags: EUR/USD, EURUSD

Comment by john richmond on November 26, 2012 at 12:21pm
hi sir how do you view this week eurusd. thanks
Comment by Haitham653 on November 26, 2012 at 12:36pm

Hi John...

EURUSD is bullish, it might test 1.2870/40 levels before breaking above 1.3000 levels, a break above 1.2991 would resume the bullish move without testing 1.2870/40 levels..

Comment by No more on November 26, 2012 at 1:13pm

Hi Haitham653! Thanks for your forecast! I like  your %R on daily chart ;) Best regards

Comment by Haitham653 on November 26, 2012 at 4:59pm

Thanks Aleksey...

Comment by Srinivas dev on November 26, 2012 at 5:03pm

Hi Haitham Thanks for your forecast. Always watch your chart with fascination. look forward to your posting. 

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