EURUSD – Intraday Strategy (02 Jul 2013)


Recommendations: LONG  positions above  1.3048 with 1.3100 & 1.3140 as next targets.

Alternative scenario: The downside breakout of 1.3048 will call for a slide to 1.3014/1.2984

Description: The pair has found multi support levels on the 1 hour chart, at 1.2984,1.2991,1.3014 and 1.3048 levels, stability above 1.3048 will keep pressure to the upside towards 1.3100/1.3145 levels, an hourly close below 1.3048 will weaken the bullish view, but be careful , downside below 1.3048 is likely to contain by 1.2984/1.3014 levels, an hourly close below 1.2984, will completely eliminate the bullish view and open the way towards 1.2900 levels ahead of 1.2800, so buy after rejection from support or short once 1.2984 is broken.







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