Will history repeat itself ! Just an idea !! I think we'll find out the next coming weeks !!
Tags: EUR/USD, EURUSD
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 !!
mmm interesting my friend but as u said let's wait and see everything is possible !!!
i think EU will see 1.0700 sometime this year ::) nice
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
Always history repeat itself!
brilliant haith, i don't know if you're into astrology.. if not, you are a natural ;)
Hi haitham, i spotted the scenario, i think the possibility certainly exists for that
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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