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
EURUSD: Continue Holding Short

EURUSD: Continue Holding Short

Ilya Spivak, Head Strategist, APAC

I initially sold EURUSD at 1.3121 and added to the position at 1.3026. The pair sold off after forming a bearish Harami candlestick pattern and I have subsequently revised the stop-loss downward to lock in some gains after prices overcame my second objective. EURUSD has now closed below my third downside target at 1.2481 and I will revise the stop-loss further to be triggered on a daily close above 1.2674. The next downside objective is 1.2244, the 76.4% Fibonacci expansion level.



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