Comment by Haitham653 on October 22, 2012 at 6:59am

EURUSD is losing upside momentum, see the chart below :

Comment by Haitham653 on October 23, 2012 at 3:39pm

As shown on the 15 min. chart ,most likely the pair would bounce 30 or 40 to test 1.3000 levels before the next move , there's a risk to form a lower leg below 1.2960 before attempting to rise above 1.3000 !!!

Comment by Haitham653 on October 23, 2012 at 4:45pm

As shown on the 60 min chart below , as long as 1.2951 holds, there's a risk for testing 1.3050 levels once again , an hourly close below 1.2951 would extend the pair for further losses !!!

Comment by Haitham653 on October 28, 2012 at 4:42pm

Recap:

Last week we have few successful setups:

EURUSD: fell from 1.3060 towards 1.2960, then recovered 40 pips

GBPUSD: bounce 50 pips from 1.6000,  strong rebound almost 230 pips from 1.5915

USDCHF: gained almost 100 pips from 0.9260

AUDUSD: gained almost 150 pips from 1.0230, at 1.0400 fell 90 pips !!

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