Start Trading Now Get Started
Table of Contents
  1. DF
  2. Technical Analysis
  3. Free Forex Signals
  4. EUR/USD Signal- December 12, 2012
Affiliate Disclosure
Affiliate Disclosure DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker's track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.

EUR/USD Signal- December 12, 2012

By Fadi Steitie
Fadi Steitie
By Fadi Steitie

Fadi Steitie is an entrepreneur, investor and professional Forex trader who shares Forex signals with DailyForex.com based on his keen understanding of the market. His favorite pair is EUR/ USD because almost 40% of traders trade this pair and it does match most of his pattern recognition strategies. He is an expert in Elliot Wave principles as well as Ichimoku Kinko Hyu which he is currently researching. So far he has not seen many English translated books about this method of technical analysis, however he is continuing to read about it and believe this method has as much to give to traders like the Elliot Waves method does. Fadi is looking for the magic behind this principle even though many do not research this trading system.

Currency: EUR/USD
Method: Elliott Waves
Description:The projected pattern has completed the second correction started on Jun,7 2010 at 1.18950 and ended on July,24 2012 at 1.20650. The daily chart that I am posting doesn't show the past two years larger corrections, but I wanted to show the break of falling channel for the second correction on Sep, 10 2012 at 1.28111 and a pull back of expanded flat ended at 1.26560 for expected wave (2). Again this is a daily chart that shows a correction in progress which tell me to stay a bit out of the market until it finishes. In general, the trend show a strength and I expect a bullish movement for the pair in the coming few weeks. Within the current correction a +/- 200 pips would take a place before the bull take off. Let watch those 200 pips range and decide when to get into the trend and surf the wave. Stay tuned.
Recommendation: Watch for further trend corrections
Stop Loss:N/A
Target:N/A

EURUSD Signal 121212

Fadi Steitie
By Fadi Steitie

Fadi Steitie is an entrepreneur, investor and professional Forex trader who shares Forex signals with DailyForex.com based on his keen understanding of the market. His favorite pair is EUR/ USD because almost 40% of traders trade this pair and it does match most of his pattern recognition strategies. He is an expert in Elliot Wave principles as well as Ichimoku Kinko Hyu which he is currently researching. So far he has not seen many English translated books about this method of technical analysis, however he is continuing to read about it and believe this method has as much to give to traders like the Elliot Waves method does. Fadi is looking for the magic behind this principle even though many do not research this trading system.

Most Visited Forex Broker Reviews

Latest News

View More Articles

Related News

View More Articles

Bonuses & Promotions

View All