EUR/USD

Price broke under the year's low most probably the market will continue falling by the start of the next week but I am not willing to bet. so I am closing my open positions with a small profit

all the way down to 1.2026

It broke below the support line, I guess one more push we can see 1.20 gate open.

I think we are expecting profit taking for the rest of the year, 10 days left.

short term bearish or Bullish coming week???

srk121 posted:
short term bearish or Bullish coming week???

Long. only long

csc2009 posted:
It broke below the support line, I guess one more push we can see 1.20 gate open.

I will keep eye on the pair, thank you.

People must have started celebrating the winter holidays already because the market is asleep.

I don't think we will see any movement anymore until 2015. Happy holidays everyone

In 2015 we could see more drops on the EURUSD.

EUR/USD fell on Friday below the support line turned resistance of 1.2250.
The RSI met with resistance at its 30 line, while the MACD, already below its signal line moved into negative territory.
The momentum signals open the way for more decreases in the medium term, reinforced by the observation of lower maximum and lower minimum, below the moving averages 50 and 200 days.
R3 - 1.23603
R2 - 1.23310
R1 - 1.22784
Daily Std. Pivot - 1.22491
S1 - 1.21965
S2 - 1.21672
S3 - 1.21146
https://bewayopa.wordpress.com/

And here we go (To quote the Joker on the Dark Knight).

Looks like we may be dropping tonight still as we hit a lot of Stop Losses from the Longs...

Well let's see what we have today, support is still holding and bearish trend still continues. But there is no volume near big holiday trading.

You are right, Christmas is around the corner and volatility is low, my eyes are on 1.2200.

And here we go on the drop. Looking for 1.20 for End of Year

Even though the winter holidays are almost here the EUR/USD pair continues its descent. The pair broke below 1.2200 and is headed for target 1.2100, probably even 1.2000 after that.

they tend to act as free fall at this time of the year noting to stop it

price is keep pushing lower and lower 1.2150 is on reach before the holiday

EUR / USD has moved slightly upwards on Monday, but found resistance near the area of 1.2250 / 60 (R1) and fell again.
As for short-term momentum, the RSI found support in line 30 and moved track that, the MACD although in negative territory, crossed above the signal line and has moved slightly upwards.
This suggests that we may be facing a small bullish correction before continuing the downward path.
R3 - 1.23042
R2 - 1.22748
R1 - 1.22231
Daily Std. Pivot - 1.21937
S1 - 1.21420
S2 - 1.21126
S3 - 1.20609
https://bewayopa.wordpress.com/