EUR/USD

Jun 17, 2012 at 11:03
213,096 Views
9,790 Replies
Member Since 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."
Member Since 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.
Member Since Jun 07, 2011   372 posts
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/
Member Since Jun 08, 2014   413 posts
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.
Member Since 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.
Member Since Oct 27, 2014   53 posts
Dec 08, 2014 at 22:06
but the eu going upp :-/
Member Since Apr 09, 2014   832 posts
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.
Member Since 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.
Member Since Oct 11, 2013   769 posts
Dec 09, 2014 at 03:29
More loses could be expected on the EURUSD, new lows may be broken.
Member Since Jun 08, 2014   413 posts
Dec 09, 2014 at 08:19
The 1h chart for the EURUSD today shows up trend but the euro not strong enough to pull up.
Member Since 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."
Member Since Jul 01, 2012   32 posts
Dec 09, 2014 at 14:57
SELL
nothing is impossible
Member Since Oct 27, 2014   53 posts
Dec 09, 2014 at 15:39
Thats the topp ?
rob559
forex_trader_29148
Member Since Feb 11, 2011   1768 posts
Dec 09, 2014 at 15:43
only a correction ..sell
Member Since Jun 15, 2013   29 posts
Dec 09, 2014 at 15:44
sell at 1.2340
Member Since Oct 27, 2014   53 posts
Dec 09, 2014 at 16:03
have that
Member Since Oct 27, 2014   53 posts
Dec 09, 2014 at 16:03
You ment at 2440
Member Since 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.
Member Since Jul 01, 2012   32 posts
Dec 09, 2014 at 19:08
sell
nothing is impossible
Member Since Jun 07, 2011   372 posts
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/
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