Comment by Haitham653 on January 23, 2013 at 6:06am

Main support is at 1.3298, main resistance is at 1.3371...

Comment by Haitham653 on January 23, 2013 at 6:58am

use the 15 min close to confirm the breakout below 1.3298 or above 1.3371...

Comment by Haitham653 on January 23, 2013 at 8:32am

The EURUSD is under strong pressure, will it fall 100 pips see the chart below !!

Comment by Peter jcp on January 23, 2013 at 8:55am

Morning Haitham - I like your 15 min chart and I think you have caught the important area now. I think we would need over 3316 and probably 22 to "turn the tide" again. Even then we would still need over 3333 again to be looking at further tries up.

Below 3283 and 3275 it then enter more down bias

Have a great day 

Regards 

Peter

Comment by Peter jcp on January 23, 2013 at 9:25am

Hi Grigore - I was worried about your 2 long positions - but at least we have reached one now. I think still need over next resistance areas to show a turn at 3333+..For me this strong retrace is more a quick stop hunt - but I will be proved wrong if it gets to a full turn again - GL

Comment by Nsaale Kalule on January 23, 2013 at 9:48am

Looks like a weak rally, might fall back to 1.3300

Comment by kamdi eloji on January 23, 2013 at 10:23am

morning peter , morning all , just came out of scalp buy peter at 33428 and currently its stuck there ? do you reckon a further upside movement or a retracement ?

Comment by Peter jcp on January 23, 2013 at 10:40am

Hi kamdi - sorry had not posted a blog today -as I might have to go out for about 4 hrs - all depending on our weather. Have added a scalp on Leon's post as I know he scalps as well at times - but liked Haitham's 15 min chart set up prior to that recent move up over 3333.

I believe Haitham is still bullish on the EU but quite rightly needs to see over 3371 etc for higher attempts etc ?

Comment by A.KHAN on January 23, 2013 at 11:05am

Will be going same as 17 janurary

bullish confirms it now

Comment by Haitham653 on January 23, 2013 at 11:59am

According to 15 min chart, strong bullish move on the horizon as long as trades above 1.3323, a breach - 15 min close is better - below this level will invalid the bullish view and may dip the pair below 1.3300 levels ,On the upside a break of 1.3371 is indeed to resume the bullish to 1.3400 levels....but over all outlook , the pair is bullish above 1.3323 levels !!!

According to the daily chart, the daily %(R) suggests more loses, the daily %(R) should dip towards the oversold area at least before the next move, only a daily close above 1.3398 will invalid this view !!!!

Comment

• ‹ Previous
• 1
• 2
• Next ›
• Page