eur-usd
Article
Previous Articles
Print
- Nov, 20 Euro / US Dollar
- Nov, 19 Euro / US Dollar
- Nov, 18 Euro / US Dollar
- Nov, 17 Euro / US Dollar
- Nov, 16 Dollar Continues to Weaken; Euro Threatening Highs....Again
- Nov, 13 Euro / US Dollar
- Nov, 12 Euro / US Dollar
- Nov, 11 Moment of Truth for Euro / Dollar
- Nov, 10 Dollar Little Changed Following Week Opening Decline
- Nov, 09 Euro / US Dollar
- Nov, 05 Euro May Have Established Corrective High
- Nov, 04 Euro / US Dollar
- Nov, 03 Euro / US Dollar
- Oct, 30 Euro / US Dollar
- Oct, 29 Euro / US Dollar
- Oct, 28 Euro / US Dollar
- Oct, 27 Euro / US Dollar
- Oct, 26 Euro / US Dollar
- Oct, 23 Euro / US Dollar
- Oct, 23 Euro / US Dollar
The US dollar is slightly weaker against most major currencies but trend defining levels have not been broken. For the EURUSD, that level is the October high of 1.5065.
No change to yesterday – “Parallel channel support and the 50 day SMA have held in the EURUSD, which keeps the larger uptrend intact at least for the time being. Still, momentum diverged during the rallies from 1.3747 and 1.4480, which is one reason I feel that the 5th wave labeling (2 different degrees) is correct. With bigger picture bearish implications, I must respect this bearish count. 1.4900/20 is serving as resistance. Coming under 1.4800 would bolster confidence.” Additional resistance would be 1.4940/80. Above 1.5065 negates the bear term bearish stance and exposes 1.5280.
Jamie Saettele publishes Daily Technicals every weekday morning, COT analysis (published Friday evenings), technical analysis of currency crosses on Monday, Wednesday, and Friday (Euro and Yen crosses), and intraday trading strategy as market action dictates. He is the author of Sentiment in the Forex Market. Follow his intraday market commentary and trades at DailyFX Forex Stream. Send requests to receive his reports via email to jsaettele@dailyfx.com.
DailyFX provides forex news on the economic reports and political events that influence the currency market.
Learn currency trading with a free practice account and charts from FXCM.
Resources
