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
Bearish
USD/JPY
Mixed
Gold
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
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
Bearish
More View more
Real Time News
  • Canadian Dollar Price Analysis: Loonie Drops, USD/CAD Turn or Burn? https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2020/02/20/Canadian-Dollar-Price-Action-Analysis-JS-Loonie-Drops-USDCAD-USD-to-CAD-Turn-or-Burn.html https://t.co/n79GzbgAaK
  • 🇺🇸 USD Philadelphia Fed Business Outlook (FEB), Actual: 36.7 Expected: 11.0 Previous: 17.0 https://www.dailyfx.com/economic-calendar#2020-02-20
  • 🇺🇸 USD Initial Jobless Claims (FEB 15), Actual: 210k Expected: 210k Previous: 206k https://www.dailyfx.com/economic-calendar#2020-02-20
  • 🇺🇸 USD Philadelphia Fed Business Outlook (FEB), Actual: 36.7 Expected: 11 Previous: 17 https://www.dailyfx.com/economic-calendar#2020-02-20
  • 🇺🇸 USD Continuing Claims (FEB 8), Actual: 1726k Expected: 1717k Previous: 1701k https://www.dailyfx.com/economic-calendar#2020-02-20
  • 🇺🇸 USD Continuing Claims (FEB 8), Actual: 1.73M Expected: 1717k Previous: 1698k https://www.dailyfx.com/economic-calendar#2020-02-20
  • 🇺🇸 USD Initial Jobless Claims (FEB 15), Actual: 210K Expected: 210k Previous: 205k https://www.dailyfx.com/economic-calendar#2020-02-20
  • Trading Global Markets Decoded #podcast's new episode 🙌 features @graceblakeley, British Economic Commentator, who covers - UK outlook following #Brexit Does climate crisis represent a free-market failure Where is the global economy heading Tune in today! https://t.co/Twr44cZ1GB https://t.co/rM5Zds1YQE
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.08%, while traders in France 40 are at opposite extremes with 80.89%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/0vtZLeWgcP
  • Forex Update: As of 13:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.01% 🇪🇺EUR: -0.15% 🇨🇦CAD: -0.28% 🇯🇵JPY: -0.57% 🇦🇺AUD: -0.83% 🇳🇿NZD: -0.88% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/aefGNZQYqS
EURUSD: Stay Short Through Bounce

EURUSD: Stay Short Through Bounce

2011-09-07 11:01:00
Ilya Spivak, Sr. Currency Strategist
Share:

I initially sold EURUSD at 1.4328. The pair produced a bearish Evening Star candlestick pattern below the recent range top at 1.4535, the July 27 high and my stop-loss threshold (to be activated on a daily close above the level), and proceeded to break lower through rising trend line support. A rebound was mounted yeseterday from support at 1.4046 - the May 23 closing low - after the SNB announced a EURCHF floor and sent the pair higher, which reverberated in most Euro-based pairs. The move's effect on EURUSD proved temprorary however and I will continue holding short, aiming for a daily close below my soft target at 1.3976.

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

DISCLOSURES

News & Analysis at your fingertips.