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EUR/USD
Mitglied seit Apr 08, 2014
1140 Posts
Dec 08, 2014 at 09:14
EURUSD fell hard during the session on Friday, as the nonfarm payroll number came out much stronger than anticipated. The pair made fresh lows, as the market close to just below the 1.23 handle. The pair should continue to move first towards the mid 1.21 yet eyeing 1.20 as the main bearish target.
"I trade to make money not to be right."
Mitglied seit Jul 10, 2014
1114 Posts
Dec 08, 2014 at 13:27
Indeed, after the non-farm payrolls the EUR/USD pair broke below the support at 1.2300 and continues its descent today. The pair has almost reached target 1.2200 and will likely continue falling after that.
Dec 08, 2014 at 17:31
EUR / USD fell as a result of German industrial production has disappointed investors, rising only 0.2% compared to October, a slower pace than the 1.1% of September.
The help was yet to fall in sovereign debt credit rating of Italy to just one level above speculative grade.
A test of the EUR / USD below 1.2250 could lead to the minimum of 2 August 2012 in 1.2130.
R3 - 1.24840
R2 - 1.24384
R1 - 1.23619
Daily Std. Pivot - 1.23163
S1 - 1.22398
S2 - 1.21942
S3 - 1.21177
http://bewayopa.wordpress.com/
The help was yet to fall in sovereign debt credit rating of Italy to just one level above speculative grade.
A test of the EUR / USD below 1.2250 could lead to the minimum of 2 August 2012 in 1.2130.
R3 - 1.24840
R2 - 1.24384
R1 - 1.23619
Daily Std. Pivot - 1.23163
S1 - 1.22398
S2 - 1.21942
S3 - 1.21177
http://bewayopa.wordpress.com/
Dec 08, 2014 at 17:59
bewayopa posted:
EUR / USD fell as a result of German industrial production has disappointed investors, rising only 0.2% compared to October, a slower pace than the 1.1% of September.
The help was yet to fall in sovereign debt credit rating of Italy to just one level above speculative grade.
A test of the EUR / USD below 1.2250 could lead to the minimum of 2 August 2012 in 1.2130.
R3 - 1.24840
R2 - 1.24384
R1 - 1.23619
Daily Std. Pivot - 1.23163
S1 - 1.22398
S2 - 1.21942
S3 - 1.21177
http://bewayopa.wordpress.com/
That is very useful assessment, thank you.
Mitglied seit Jun 08, 2014
454 Posts
Dec 08, 2014 at 21:02
In this situation the best way is to stay away from the market with all the noise today.
Mitglied seit Oct 27, 2014
53 Posts
Dec 08, 2014 at 22:06
but the eu going upp :-/
Dec 09, 2014 at 00:39
bewayopa posted:
EUR / USD fell as a result of German industrial production has disappointed investors, rising only 0.2% compared to October, a slower pace than the 1.1% of September.
The help was yet to fall in sovereign debt credit rating of Italy to just one level above speculative grade.
A test of the EUR / USD below 1.2250 could lead to the minimum of 2 August 2012 in 1.2130.
R3 - 1.24840
R2 - 1.24384
R1 - 1.23619
Daily Std. Pivot - 1.23163
S1 - 1.22398
S2 - 1.21942
S3 - 1.21177
http://bewayopa.wordpress.com/
Good analysis, yesterday eur/usd only touched 1.2250 and bounced back.
Mitglied seit Apr 14, 2014
230 Posts
Dec 09, 2014 at 01:04
sherifFares posted:
In this situation the best way is to stay away from the market with all the noise today.
Probably the best.
Mitglied seit Oct 11, 2013
769 Posts
Dec 09, 2014 at 03:29
More loses could be expected on the EURUSD, new lows may be broken.
Mitglied seit Apr 08, 2014
1140 Posts
Dec 09, 2014 at 09:31
EURUSD continues in a bearish phase on the longer timeframe charts despite the recent bullish rally back above 1.23. The pair is due for a bullish correction after months of tumbling, so remain technically bearish below 1.2450 and continue to look to sell beneath that level.
"I trade to make money not to be right."
Mitglied seit Oct 27, 2014
53 Posts
Dec 09, 2014 at 15:39
Thats the topp ?
forex_trader_29148
Mitglied seit Feb 11, 2011
1768 Posts
Dec 09, 2014 at 15:43
only a correction ..sell
Mitglied seit Oct 27, 2014
53 Posts
Dec 09, 2014 at 16:03
have that
Mitglied seit Oct 27, 2014
53 Posts
Dec 09, 2014 at 16:03
You ment at 2440
Mitglied seit Jul 10, 2014
1114 Posts
Dec 09, 2014 at 16:27
I wasn't expecting such a bounce to the upside, EUR/USD certainly surprised me. That said, the pair has reached a pretty strong resistance at 1.2440, the question is what will follow next.
Dec 09, 2014 at 23:46
Yesterday the EUR / USD recovered after finding the level of 1.2250, ie the determined support area for a minimum of 10 August 2012.
The RSI was up after finding support near the 30 line, while the MACD, although negative, remains above its signal line and is pointing up. In addition, I see positive divergence between the two oscillators and the price action.
On the daily chart, the price shows minimum and maximum decreasing and below the moving averages 50 and 200 days.
R3 - 1.26051
R2 - 1.25263
R1 - 1.24493
Daily Std. Pivot - 1.23705
S1 - 1.22935
S2 - 1.22147
S3 - 1.21377
http://bewayopa.wordpress.com/
The RSI was up after finding support near the 30 line, while the MACD, although negative, remains above its signal line and is pointing up. In addition, I see positive divergence between the two oscillators and the price action.
On the daily chart, the price shows minimum and maximum decreasing and below the moving averages 50 and 200 days.
R3 - 1.26051
R2 - 1.25263
R1 - 1.24493
Daily Std. Pivot - 1.23705
S1 - 1.22935
S2 - 1.22147
S3 - 1.21377
http://bewayopa.wordpress.com/
