News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
Long EURUSD into Friday's close

Long EURUSD into Friday's close

David Rodriguez, Head of Product

I took a EURUSD long position on Thursday evening as I expected a EURUSD pop into Friday's close. I was very close to doing the exact opposite--going short as our SSI looked as though it would flip to net-long. Yet that didn't happen and ultimately the trading crowd is once again aggressively net-short. The trend favors gains until it doesn't. And I think market jitters could be enough to force a pop as shorts bail ahead of the potentially pivotal weekend.

Regardless, this position will be closed before Friday's close at 22:00 GMT.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.