EUR/USD fell for most of the session on Monday as traders continue to worry about the European debt crisis. The Greeks still haven't come to an agreement, and as such the Dollar gained. However, the Americans came in an bid up the Euro as they tend to do - and the market formed a hammer at the 1.30 support level. The pair looks supported and possibly bullish as a result at this level, although any move upwards could be limited by the 1.32 resistance level. Because of this - we are flat as this pair looks to be a mess at the moment.

EUR/USD

EUR/USD Forecast February 7, 2012, Technical Analysis

EUR/USD Pivot Points (Time Frame: 1 Day)

 Name  S3  S2  S1  Pivot  R1  R2  R3

 Classic
1.2923
1.2976
1.3062
1.3115
1.3201
1.3254
1.3340

 Fibonacci
1.2976
1.3029
1.3062
1.3115
1.3168
1.3201
1.3254

 Camarilla
1.3110
1.3123
1.3135
1.3115
1.3161
1.3173
1.3186

 Woodie's
-
1.2984
1.3078
1.3123
1.3218
1.3262
-

 DeMark's
-
-
1.3228
1.3128
1.3089
-
-