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

EURUSD
R3 - 1.28068
R2 - 1.26882
R1 - 1.24570
Weekly Standard Pivot - 1.23384
S1 - 1.21072
S2 - 1.19886
S3 - 1.17574

Stop! It’s Christmas :slight_smile:

Well, holidays or not it looks like EUR/USD will keep falling.

I agree with your assessment Victoria , thank you.

The EUR was at low US $ 1.2171 on Friday at the Frankfurt foreign exchange market.
The European Central Bank today fixed the official exchange rate of the euro $ 1.2213.
R3 - 1.22701
R2 - 1.22448
R1 - 1.22197
Daily Std. Pivot - 1.21944
S1 - 1.21693
S2 - 1.21440
S3 - 1.21189

I am little skeptic about the fall. but we will have to wait and see the opening price.

EURUSD has been trading low and there is no positive movement in the vicinity, so its going to be selled off and has to wait long for any buying opportunity.

Important to read point no. 7 here:

I am enjoying my holiday… It is tempting to look at charts but I am making a point of leaving everything behind. It is worthless fretting over EUR/USD now because nothing much can happen until liquidity returns to normal levels (next month).

Enjoy this Christmas period and remember to truly switch off those trading platforms: you will be feeling so much happier and sharper for it.

Merry Christmas and a Happy New Year xx

I don’t intend to trade until new year, happy holiday everyone.

I agree. It looks like EUR/USD is completely asleep. It’s hardly surprising, considering the date. I think I too will leave trading for next year.

EUR / USD moved slightly lower on Friday, but the decline was interrupted by the support barrier marked by the minimum of last Tuesday.
The RSI moved in after finding high above the support line 30, while the MACD, although negative remains above its signal line.
The price action suggests a downward long-term trend.
There are lower maximum and minimum and below the moving averages 50 and 200 days.
R3 - 1.22689
R2 - 1.22469
R1 - 1.22121
Daily Std. Pivot - 1.21901
S1 - 1.21553
S2 - 1.21333
S3 - 1.20985

Looks like every body waiting for 2015 to start trading today ?
so i will wait as well, happy new year.

I think me too it’s the year end the market will be asleep and any moves will be noise

Market is in the holiday mood, we should too.

Surpsingly the EUR/USD bearish trend continues despite the holidays. It will likely reach 1.2100 pretty soon and then head for 1.2000.

We saw 1.2124 today as lowest, so 1.2100 is too close. thank you Victoriajensen.

I don’t think the market movement today could be a sign for a trend it can be market noise anyway starting from Monday I am back to trading

The Euro today pushed to new low, you are right we might see 1.2100 very soon.

EUR / USD advanced slightly on Monday, but stopped in 1.2220 to fall down to 1.2165.
The short term trend is falling with the short-term oscillators to reveal a stronger momentum in the downward direction.
The RSI dropped and is now approaching its line 30, as the MACD is negative and seems able to fall below its signal line.
The maximum and minimum are lower and below the moving averages 50 and 200 days.
R3 - 1.22494
R2 - 1.22181
R1 - 1.21860
Daily Std. Pivot - 1.21547
S1 - 1.21226
S2 - 1.20913
S3 - 1.20592

EUR / USD rebounded slightly.
The RSI recovered after finding support near the 30 line, while the MACD, although negative, remains above its signal line and is pointing up.
There is a positive divergence between these indicators and the price action.
This indicates the deceleration of downward momentum and makes room for the extent of recovery.
R3 - 1.22494
R2 - 1.22181
R1 - 1.21860
Daily Std. Pivot - 1.21547
S1 - 1.21226
S2 - 1.20913
S3 - 1.20592