EUR-USD

This page is for the EUR-USD Pair

For every pair i done my analysis as the following :

- weekly
- daily

Weekly Chart

* As its appear from the weekly chart of EUR-USD the pair that the pair broke the downtrend channel begin in May- 2011 tell September 2012 which is reform a Major support Area 1.2713 , also the uptrend on weekly still reforming the confirmation will be higher high above 1.3711 level  , the hard barrier of 1.3255 level need to be watch closely , when you are trading .

Trade side : long 

Stop loss : < 1.2713 Level .

Target price : 1.3255 

Daily

• MACD indicator above zero line and still buy , which is bluish sign .
• The price and Momentum and relative strength indicators forming a bluish divergence with the price which reflect in the price move , but its also a bluish sign as a strength of bulls vs. bears .

**  Hold long , for a shorter time horizon trader stop loss can be below the 1.2990 Area .

*** Please refer to the Dissimilar in the Main page *** 

I am open for more ideas and discussion .

Daily 23-4-2013 GMT 15:50 PM

* What's happened today is so interesting the prices Touch the 23.6% Fibo level and rebound higher .

** Hold long 

TP 1 : 1.3108 

TP 2 : 1.3202

SL : 1.2713

Weekly chart 26-4-2013

-          Its hard to take a decision according to that chart , even I take the long position , I am still waiting to see what the pair will do at the level of 1.3128 if the pair move upside as I am expected .

-          Or break through 1.2854 which is the higher low level the pair made during the first week of April .

Hold long .

Stop loss : >1.2713 points .

Daily chart 26-4-2013

According to daily chart, I am consider the 1.2940 level is critical and break below that level will raise a red flag according to my point of view .

*** i have exit the long position of EUR-USD according to disappointing fundamental appear last week , and i will watch it this week carefully .

* i am stay aside watching how the pair will perform this week * 

** the coming week has a lot of Events related to EUR-USA *

weekly update 18-5-2013

Weekly EUR-USD made potintiol  shoulder – head – shoulder formation waiting for break through the nick line under 1.2827 point .

With target price 1.1923 point (900 pip ) .

Stop loss 1.3040 points .