Comment by Haitham653 on February 9, 2013 at 3:01pm

I believe - as long as 1.3710 holds - a sudden fall is suggested 700/800 pips in a matter of 1 or 2 week(s)...It won't happen these days, probably after 4/8 weeks....let's wait and see !!!

However;  Euro collapse that happened last week was based on a political decision of EU leaders, to protect people and small merchants of being used by banks and big merchants ..so  in middle term view the EURO is bullish and recovery may seen the next coming days but most likely will be limited below 1.3710 !!!

With slowing economy in EUROPE , the EURO couldn't hold strong rise towards 1.4000 levels, so in the nearest future I wouldn't be surprised at all If they dip the pair below 1.3000 levels !! 

Comment by FxBear on February 9, 2013 at 3:12pm

Agree Haitham! 

Comment by Bero maatouk on February 9, 2013 at 5:03pm

mmm interesting my friend but as u said let's wait and see everything is possible !!!

Comment by Shaun Powell on February 9, 2013 at 7:48pm

i think EU will see 1.0700 sometime this year ::) nice

Comment by TONY on February 10, 2013 at 4:33am

Brilliant work, Haitham :)

Comment by Peter jcp on February 10, 2013 at 4:03pm

Hi Haitham - I think the main points to remember compared to last Feb 2012 on your chart is that the present up move is stronger and is shown by one of your MA's under turned up - with price trying to go over your other MA - whereas last year different set up- as we were already in a down move that continued.

Have another great week 

Regards 

Peter

Comment by Marius Ghisea on February 10, 2013 at 5:14pm

Always history repeat itself!

Comment by Marco Stefanelli on February 10, 2013 at 10:31pm

brilliant haith, i don't know if you're into astrology.. if not, you are a natural ;)

Comment by genxtrader on February 11, 2013 at 12:36am

Hi haitham, i spotted the scenario, i think the possibility certainly exists  for that 

Comment by Ganja Trader on February 23, 2013 at 1:46am

If it closes below 1.3240 on thursday(end of february) it will also post a bearish engulfing candle on the monthly chart.

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