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
Mixed
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
Mixed
USD/JPY
Mixed
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
Gold
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
Oil - US Crude
Bullish
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
Bitcoin
Mixed
More View more
Real Time News
  • Barclays Trade of the Week: short $EURNZD, target: 1.6900, stop: 1.7180
  • 🇪🇺 EUR German IFO Expectations (FEB), Actual: 93.4 Expected: 92.1 Previous: 92.9 https://www.dailyfx.com/economic-calendar#2020-02-24
  • 🇪🇺 EUR German IFO Current Assessment (FEB), Actual: 98.9 Expected: 98.6 Previous: 99.2 https://www.dailyfx.com/economic-calendar#2020-02-24
  • 🇪🇺 EUR German IFO Business Climate (FEB), Actual: 96.1 Expected: 95.3 Previous: 96.0 https://www.dailyfx.com/economic-calendar#2020-02-24
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.78%, while traders in US 500 are at opposite extremes with 68.80%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/LVxJXK0YNh
  • Heads Up:🇪🇺 EUR German IFO Current Assessment (FEB) due at 09:00 GMT (15min), Actual: N/A Expected: 98.6 Previous: 99.1 https://www.dailyfx.com/economic-calendar#2020-02-24
  • Heads Up:🇪🇺 EUR German IFO Expectations (FEB) due at 09:00 GMT (15min), Actual: N/A Expected: 92.1 Previous: 92.9 https://www.dailyfx.com/economic-calendar#2020-02-24
  • Heads Up:🇪🇺 EUR German IFO Business Climate (FEB) due at 09:00 GMT (15min), Actual: N/A Expected: 95.3 Previous: 95.9 https://www.dailyfx.com/economic-calendar#2020-02-24
  • Commodities Update: As of 08:00, these are your best and worst performers based on the London trading schedule: Gold: 2.37% Silver: 1.79% Oil - US Crude: -3.04% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/qGErDKxU6q
  • Forex Update: As of 08:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.08% 🇨🇭CHF: -0.19% 🇬🇧GBP: -0.23% 🇨🇦CAD: -0.44% 🇦🇺AUD: -0.52% 🇳🇿NZD: -0.66% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/UZkhKdEaS4
EURUSD: Stay Short as Selling Resumes

EURUSD: Stay Short as Selling Resumes

2011-02-22 11:01:00
Ilya Spivak, Sr. Currency Strategist
Share:

I sold EURUSD last week at 1.3568. Prices are retreating after last week’s upswing as the greenback capitalizes on safe-haven demand amid the broadening crisis in Libya, with the pair testing resistance-turned-support at the top of a falling channel established from the top set earlier this month (now at 1.3573). I will remain short, looking for a break below this juncture to initially clear the way back below the 1.35 figure en route toward my soft target at 1.3280. A stop-loss will be activated on a daily close above 1.3744.

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

DISCLOSURES

News & Analysis at your fingertips.