corrections limits
On 1H frame , There are more than moving lines that made intersection points, which suggests some of the limits of corrections that may occur
down trend:
mov360 with mov500 @ 13213
mov30 with mov55 @13338
mov30 with mov75 @13326
mov20 with mov75 @13323
mov55 with mov100 @13332
Now we just wait mov 30 with 100 , if making any cross will push down the price toward 13280 which moving200
will be the strong Defense and resistance
Then mov 500 at 13216 the next real resistance to push the pair up
let us watch ......
FARES SHANAB
It seems that the euro is trying to simulate the cable in bearish move
The Pound is moving on fundamental pressure from news
And hinted at by Mr. Cameron - Prime Minister - Britain to get out of the euro zone
Therefore, movement of the euro depends on the liberation of the GBP significantly
For these reasons; the Euro may delay the issue of the entry levels of 134
And exploited these conditions in the process of correcting
either be limited not to exceed 13216
Or wide and up to levels of 130
Let's watch closely
Note that all Moving lines arranged in harmonious
From bottom to top
500 - 360 - 200 - 100-75-55-30
May 13344 will push down pair toward 131-130
And 30 tries to penetrate 55 to reach the last line 500 at 13015
FARES SHANAB
May 13344 will push down pair toward 131-130
I think this week will see top on 13480 at least
I think this week will see top on 13480 at least
Euro may be intend to make head and shoulders pattern in Feb 2013
so, the head reach the maximum point which able to consider as top at 13715-13814
and this took a period of 2 weeks from 10 jan., and we expect to decline to 13240 to support again on this neck line till 14 feb. and likely to rise another week till 13405 to make top as consider as right shoulder then accelarate decline again to end this pattern nearly 130 levels and there we will decide if the pair will reach 123 level
let us watch carefully this route in Feb to first week of march
F.A.R.E.S S.H.A.N.A.B
Euro may be intend to make head and shoulders pattern in Feb 2013
so, the head reach the maximum point which able to consider as top at 13715-13814
and this took a period of 2 weeks from 10 jan., and we expect to decline to 13240 to support again on this neck line till 14 feb. and likely to rise another week till 13405 to make top as consider as right shoulder then accelarate decline again to end this pattern nearly 130 levels and there we will decide if the pair will reach 123 level
let us watch carefully this route in Feb to first week of march
F.A.R.E.S S.H.A.N.A.B
prime levels
UP Ceiling
13517
13600
13690
13814
Bottom Ceiling
13405
13181
13006