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.

0

Notifications

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

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
Adding to EURUSD short from 1.3105

Adding to EURUSD short from 1.3105

David Rodriguez, Head of Product

I remain short EURUSD from 1.3150, and I've since added to the position on the EURUSD's failure to break above congestion resistance in the $1.3110-1.3130 range. I like the position on a hold of Thursday's high of $1.3163, and I'm targeting a break of $1.3100.

The US Dollar remains at pivotal resistance. A break higher here (lower in the EURUSD) would suggest a EURUSD run towards January lows of $1.26 is in the cards.

--- Written by David Rodríguez, Quantitative Strategist for DailyFX.com

To receive this author's reports via e-mail, contact drodriguez@dailyfx.com with subject line "Distribution List".

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

DISCLOSURES