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.

Free Trading Guides
EUR/USD
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
GBP/USD
Bearish
USD/JPY
Bullish
Gold
Mixed
Oil - US Crude
Bullish
Bitcoin
Bearish
More View more
Real Time News
  • RT @TheBubbleBubble: World government debt to hit record $53 trillion this year: S&P Global: https://t.co/8cwkXqiI6j $TLT $IEF
  • #Oil prices find support as market angst around the novel #coronavirus outbreak dissipate and prospects for more production cuts from #OPEC grow, but the rebound in crude could be short-lived. (via @DailyFX) Full Analysis: https://www.dailyfx.com/forex/technical/home/analysis/usoil/2020/02/20/crude-oil-extends-support-bounce-on-opec-as-virus-fears-abate.html $USO $CL_F #OOTT #CrudeOil #WTI https://t.co/W3zkXjuqf5
  • $USDJPY rises to highest level since April 24th https://t.co/0xPjuttP9i
  • $USDCNH overtaking 7.0500 holds a lot of ancillary risk. Is this purely a Dollar move or perhaps coronavirus fallout for the Yuan? Will the White House consider it just a Dollar result or a trade war infraction (manipulation)? https://t.co/JRnXBdjaE8
  • I don't think $SPY is out of the woods yet - - Deeper 3m10s inversion - $AUDUSD breakdown - $XAU breakout And a plethora of weak economic data and other fundamental concerns. But if anything can shrug off these headwinds it's the current rally https://t.co/P4jqIGjd12
  • If you don't follow @JStanleyFX and his analysis, you don't know what you're missing. https://t.co/3hz3xetoVW
  • LIVE NOW: Join @JStanleyFX as he runs through price action set-ups for the FX and CFDs market. https://www.dailyfx.com/webinars/3952937094787220994
  • US 30-Year TIPS Draw 0.261% Primary Dealers Awarded: 14.8% Indirect Bidders Accepted: 73.7% Direct Bidders Accepted: 11.5% B/C Ratio: 2.40
  • webinar begins right now. quite a bit taking place on the macro front https://www.dailyfx.com/webinars/3952937094787220994 https://t.co/igWOSGZaIo
  • The Dollar is putting in for an impressive performance today with pairs like USDJPY and AUDUSD, but check out $USDMXN as well. Biggest rally since Aug 13th https://t.co/jwEuiymLf8
Euro Cross Pick 10.12.2011

Euro Cross Pick 10.12.2011

2011-10-12 14:11:00
David Song, Currency Strategist
Share:

The short EUR/GBP trade never panned out as the exchange rate rallied to a high of 0.8764 during the previous day, and I’m certainly glad I stuck to the sidelines as the pair advances to a fresh monthly high of 0.8784. As the pair breaks out of the downward trend from earlier this year, it looks as though we will see the euro-pound consolidate over the near-term, and the pair may face range-bound price action over the remainder of the week as it fails to push back above the 100-Day SMA at 0.8784. As the moving average holds up as near-term resistance, the pullback may gather pace over the remainder of the week, and I may take a stab at playing the range should the exchange rate close below the 200-Day SMA at 0.8714.

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

DISCLOSURES

News & Analysis at your fingertips.