Buy or Sell: EUR/USD Retests Point of Breakout

Buy or Sell: EUR/USD Retests Point of Breakout

EUR/USD broke higher last week on expanding volume and shrinking SSI reading. See the higher probability bullish and bearish Elliott Wave pattern we are watching.
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ANALYST PICKS

Kristian Kerr   

Sr. Currency Strategist

Currency Pair:  Short USD/JPY
Expertise Technical, Time Cycles
Average Timeframe of Trade Few Days - Few Weeks

Jeremy Wagner   

Head Forex Trading Instructor

Currency Pair:  Long EUR/USD
Expertise Elliott Wave, Technical Analysis
Average Timeframe of Trade 2 Days – 2 Weeks

Technical Analysis

USD/JPY Technical Analysis: 14-Month Low Revives Reversal Focus

The Bank of Japan may have created the shortest-lived JPY-cross rally in recent memory. Now the focus turns firmly lower.
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Education

Head Forex Trading Instructor
EUR/USD broke higher last week on expanding volume and shrinking SSI reading. See the higher probability bullish and bearish Elliott Wave p...Continue Reading
Forex Trading Instructor
NFP figures missed expectations driving the GBP/USD lower.
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SENTIMENT


Last Updated:Updated: Index is reported every Thursday.
SSI Long Short Signal
EUR/USD 
GBP/USD 
AUD/USD 
USD/CAD 
NZD/USD 
XAU/USD 

Market Data

Symbol Bid Ask Spread
Market Data figures are provided by FXCM for the trading day.
Symbol Bid Ask Spread
Market Data figures are provided by FXCM for the trading day.

Trading Volumes

Symbol Volume Transactions
EUR/USD 3,636M 94,458
USD/JPY 1,778M 45,285
GBP/USD 762M 32,289
USD/CHF 60M 1,984
AUD/USD 802M 22,184
USD/CAD 249M 9,317
NZD/USD 242M 9,067
EUR/JPY 661M 25,546
Volume and Transaction figures are provided by FXCM for the trading day.

Rollover Rates

Symbol Multiplier Roll S Roll B
EUR/USD 1 0.02 -0.03
USD/JPY 1 -0.04 0.02
GBP/USD 1 0.00 -0.00
USD/CHF 1 -0.06 0.02
EUR/CHF 1 -0.03 0.01
AUD/USD 1 -0.04 0.02
USD/CAD 1 0.00 -0.01
NZD/USD 1 -0.06 0.02
EUR/GBP 1 0.02 -0.04
EUR/JPY 1 -0.01 0.00
GBP/JPY 1 -0.05 0.02
CHF/JPY 1 0.01 -0.03
GBP/CHF 1 -0.07 0.03
Currrency Central Bank Rate
   aud
2.00%
   nzd
2.50%
   eur
0.05%
   cad
0.50%
   gbp
0.50%
   usd
0.50%
   chf
-0.75%
   jpy
-0.10%

Forex Economic Calendar


CAD Building Permits (MoM)
m
A: 11.3%
F: 6.2%
P: -19.9%

AUD NAB Business Confidence
m
A: 
F: 
P: 3

JPY Machine Tool Orders (YoY)
m
A: 
F: 
P: -25.70%

CHF Unemployment Rate
m
A: 
F: 3.8%
P: 3.7%

CHF Unemployment Rate s.a.
m
A: 
F: 3.5%
P: 3.4%

EUR German Trade Balance (euros)
m
A: 
F: 20.0b
P: 20.5b
A: Actual   F: Forecast    P: Previous
Time Event/Host