Thoughts and ideas for today (23 Jan 2013)

As you see in the chart below, the pair is trapped in tight narrow range, the key support level is 1.3298/1.3310 the key resistance level is 1.3351/1.3371...

You may buy above 1.3310 with stop below 1.3298, target between 1.3351/71 levels, on the breakout of 1.3371, you may also long the pair with stop below 1.3350 and target at 1.3400/1.3450/1.3500...

You may also sell below / around 1.3351, stop above 1.3371, target around 1.3310/1.3298 levels on the breakout of 1.3298 you can short the pair with stop above 1.3310 and target at 1.3257 1.3230 and 1.3189.

Best Regards

Haitham

Views: 2264

Comment by kalpana mahajan on January 23, 2013 at 2:55pm

Hi Haitham! u r an amazing analyst. Do u feel EU wil touch 1.3320 today? pl. guide

Comment by Bero on January 23, 2013 at 4:04pm

haitham big thanx sir for you great and awesome analysis many thx keep up the good work :)

Comment by Haitham653 on January 23, 2013 at 6:28pm

Check the 1 hour chart below :

Comment by Haitham653 on January 23, 2013 at 6:52pm

Hi Uschi

Thanks for the news...

Yes , It will have moderate impact  on the EURUSD, and I think the EURO will fall a little bit...

Comment by Umit on January 23, 2013 at 6:56pm

Hi Haitham,

May I ask your projection for EURJPY? Thank you in advance.

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