EUR/USD Technical Analysis from a Newbie (need to be confirmed)

next support on the EURUSD would be the 1.2600 level. lets see if the pair keeps dropping below that level.

The pair traded sideways for much of yesterday session, as markets tentatively waited the release of the Fed rate decision after the close.
However, heading into the close of European session the markets positioned for a dovish Fed statement, with the USD weakening and the pair moving to fresh highs at 1.2770, but a hawkish statement coming out of the Fed sent this pair lower. The market should continue to go lower down to the 1.25 handle.

After the FOMC news yesterday EUR/USD dropped significantly without even reaching the resistance at 1.2830. It will likely continue to descent with target 1.2500, which is a pretty strong support level.

It was great opportunities for sell today and good profit.

the EUR/USD is completely unstable with mixed signals and low volatility. I donā€™t think I can trade on it with this condition.

The euro began the day lower in anticipation of the numbers of the preliminary German CPI for October.
Although the job market shows signs of improvement, the data of inflation reinforce the downward trend of the EUR/USD.
R3 - 1.27431
R2 - 1.26910
R1 - 1.26512
Daily Pivot - 1.25991
S1 - 1.25593
S2 - 1.25072
S3 - 1.24674
bewayopa | Trading Ideas

QE3 was ended Wednesday, as expected, when the Fed announced it would be eliminating open market operations.

They did indicate that current (record-low) interest rates would remain in place for the foreseeable future, though most analysts expect a mid-2015 rate rise.

Strong GDP numbers and solid jobs numbers also give a positive outlook for the US economy, even as the world economy slows.

So expect EURUSD to reach 1.25 in a couple of days and given enough time it may eyeball the 1.20 handle.

EUR/USD keeps falling and it will likely reach 1.2500. What happens next is up for debate, however. Will it form a double bottom and bounce back or will it break below the support at 1.2500 and head even lower? Personally, I still think that the long term target is 1.2200, perhaps even 1.2000, but I donā€™t think anything can be said for certain before we see what happens around the 1.2500 level first.

EUR / USD was too little time below 1.2600.
The daily momentum indicators contend that again will try to break this barrier.
The RSI (14) has moved downward after finding resistance slightly below the 50 line, while the MACD, already inside negative territory, seems to be willing to cross below its signal line.
R3 - 1.27431
R2 - 1.26910
R1 - 1.26512
Daily Pivot - 1.25991
S1 - 1.25593
S2 - 1.25072
S3 - 1.24674
bewayopa | Trading Ideas

Hi
Thank you for the useful information bewayopa.
Happy hollaween .

the EUR is completely destroyed now. price broke under 1.2500 this is the lowest price got for years

Eur/Usd has broken down the 1.2900-1.2600 consolidation range yesterday and once 1.25 gate is open this pair would presumably resumed the bearish trends in the long run with the target of 1.22.

Eur/Usd hit new low yesterday shows what can happen even on the last day of the week and the month.

The 1.2500 has proven to be a good support for the EURUSD, lets see if it holds.

The EURUSD pair fell during the course of the session on Friday, breaking the bottom of the hammer from the Thursday session. And even went below the 1.25 level at one point, but at the end of the day we ended up bouncing back above it.
If we can break down below the 1.25 level on a daily close, we would be very bearish and we would continue to sell this market.

While the USD index showing strength, we have to expect that the eurusd going more down the 1.2500 this week. And short sell is the best choice.

EUR/USD continued its descent and even broke below the support at 1.2500, reaching a new low at 1.2440. Despite the current pullback I think we will see the bearish trend continuing, at least until it reaches 1.2200, perhaps even 1.2000.

The EURUSD rose slightly, despite a slight downward revision in industrial PMI in the Eurozone for October with a review of the initial estimate of 50.7 to 50.6, below expectations.
This review resulted in the manufacturing PMI in Germany have also been revised downwards.
Hopefully by now the numbers for US manufacturing PMI to anticipate the next moves.
R3 - 1.27312
R2 - 1.26740
R1 - 1.25993
Daily Pivot - 1.25421
S1 - 1.24674
S2 - 1.24102
S3 - 1.23355
bewayopa | Trading Ideas

letā€™s see what will happen tomorrow for now I am not opening any positions on the EUR/USD until trend is decided

All the technical studies give sell signals, support seems lie at the recent low of 1.2440 and followed by the important psychologically level of 1.2400.

This week we have the ECB meeting on Thursday and Draghiā€™s press conference. Letā€™s see 1.24 level holds.