#FOREX Analysis: EUR/USD 4th FEB 2013....Time for Pullback Retracement?

Here is my EUR/USD 4H candlestick chart

Euro has been on some extensive hillclimb being hard to predict at some times!

From my FIBO analysis and todays NFP results my next step in looking for a trade setup on EUR/USD will be looking at todays DAILY CLOSE (01/02/2013)

If we get a close below: 1.3610 It will be a great opportunity to SHOT/SELL the EUR/USD upon next weeks market open. This level is the 200% FIB extension from october 2012 high > 13th November low!

My target for the sell trade will be: 1.3360! back onto the trendline

Hope you all like my analysis and signals. have good weekend, updates will follow!


Views: 1291

Tags: EUR/USD, analysis, euro, feb, signal, starting4th, trading, week

Comment by Ngqi on February 1, 2013 at 2:56pm


Comment by Kevin Henry Ostermey on February 1, 2013 at 2:59pm
Schaun, great comment! Regards, Kevin
Comment by john richmond on February 1, 2013 at 3:01pm
very nice
Comment by Honey Bhai on February 2, 2013 at 9:48am

hiee bro...... yes from very first day i was reading ur posts and for this specific post i my self is looking to target 1.3360.... i m already in SELL from yesterdays highs .............enjoy PIPS........

Comment by Shaun Powell on February 2, 2013 at 11:47am

On my Alpari charts EUR/USD closed @ 1.3638....will be watching mondays price action :)

Comment by Shaun Powell on February 4, 2013 at 5:44am

happy monday

Comment by Shaun Powell on February 4, 2013 at 12:02pm

euro coming down nicely

Comment by Shaun Powell on February 7, 2013 at 3:04pm

euro falling to target.. nice

Comment by Yesboss Eddyking on February 7, 2013 at 3:19pm

Excellent performance Shaun...thumbs up

Comment by Shaun Powell on February 9, 2013 at 4:44pm

trget hot on this + 280 pip


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