Euro ...Daily Technical Vision

Fares Shanab

Active Trader
Aug 12, 2012
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fareshanab.blogspot.com
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

5.png



Same as we said

trend is down

SHANABA is accurate figures
 

Fares Shanab

Active Trader
Aug 12, 2012
233
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42
Jordan
fareshanab.blogspot.com
Euro Engaged for the Pound

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


6.png


FARES SHANAB
 
Last edited:

Fares Shanab

Active Trader
Aug 12, 2012
233
0
42
Jordan
fareshanab.blogspot.com
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


6.png


FARES SHANAB


May 13344 will push down pair toward 131-130


SHANABA Accurate Figure
 

Fares Shanab

Active Trader
Aug 12, 2012
233
0
42
Jordan
fareshanab.blogspot.com
Exactly as we said in above post

look at the chart


10.png


UP Ceiling

13517

13600

13690

13814

the pair touch the exact points we listed above
and remain 13814

next week may be we see 13814

and we will focus on 137 level owing some banks in germany said that will
sell euro from 137 levels, and this news was when the price at 134 levels
that is why the big distance made


let us watch that
 

Fares Shanab

Active Trader
Aug 12, 2012
233
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42
Jordan
fareshanab.blogspot.com
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

11.png







F.A.R.E.S S.H.A.N.A.B
 
Last edited:

Fares Shanab

Active Trader
Aug 12, 2012
233
0
42
Jordan
fareshanab.blogspot.com
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

11.png







F.A.R.E.S S.H.A.N.A.B

The same vision as above mentioned

Euro still under sell pressure to end this cycle before 14 Feb.

then goes up to make a top

target of this motion extending to 13090 - 13140
 

Fares Shanab

Active Trader
Aug 12, 2012
233
0
42
Jordan
fareshanab.blogspot.com
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

11.png







F.A.R.E.S S.H.A.N.A.B

The same as we guess on FIRST FEB.

SHANABA IS ACCURATE
 

Fares Shanab

Active Trader
Aug 12, 2012
233
0
42
Jordan
fareshanab.blogspot.com
Points of Feb. Euro

There is no doubt that the month of February is the month of the dollar undisputed .....

The strength of the dollar is almost touching the minimum levels of 130 as

vision in a previous article, we expected to get even

first week of March 2013

And then will determine the fate of the rest of the year

The figures shown in the following charts for the short and medium levels


14.gif



13.gif


15.gif
 
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Fares Shanab

Active Trader
Aug 12, 2012
233
0
42
Jordan
fareshanab.blogspot.com
Euro will try to drop a little and maybe into areas 132 before
Go to the top to gather momentum for the strong drop
Especially that we should take a great attention to Draghi's speech which warning
Of the rise of the euro and that the risk of inflation
Suggesting to start a downward spiral coming up to the upper 129
As we noted a month ago
But the question remains any areas where it will arrive euro To make
Last Farewell

20.gif


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