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.

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
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
Oil - US Crude
Bullish
Wall Street
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
Gold
Mixed
GBP/USD
Bullish
USD/JPY
Bullish
More View more
Breaking news

Core PCE prints at 1.6% v/s expectation of 1.4% - PMI reports are on deck

Real Time News
  • Commodities Update: As of 13:00, these are your best and worst performers based on the London trading schedule: Silver: 1.69% Gold: 0.92% Oil - US Crude: -2.89% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/UwJkmj88q6
  • Speaker Pelosi reportedly sounds very skeptical of a stimulus deal - politico
  • 🇺🇸 Markit Manufacturing PMI Final (SEP) Actual: 53.2 Previous: 53.1 https://www.dailyfx.com/economic-calendar#2020-10-01
  • Heads Up:🇺🇸 Construction Spending MoM (AUG) due at 14:00 GMT (15min) Expected: 0.8% Previous: 0.1% https://www.dailyfx.com/economic-calendar#2020-10-01
  • Heads Up:🇺🇸 ISM Manufacturing Prices (SEP) due at 14:00 GMT (15min) Expected: 58.6 Previous: 59.5 https://www.dailyfx.com/economic-calendar#2020-10-01
  • Heads Up:🇺🇸 ISM Manufacturing PMI (SEP) due at 14:00 GMT (15min) Expected: 56.4 Previous: 56 https://www.dailyfx.com/economic-calendar#2020-10-01
  • #Brexit negotiations fail to make sufficient progress so far. Price Action struggles to remain above the psychological level of 0.9100. Get your $EURUSD market update from @Tams707 here: https://t.co/ulGOyuZcj7 https://t.co/Ldt19jqe4j
  • 🇨🇦 Markit Manufacturing PMI (SEP) Actual: 56 Previous: 55.1 https://www.dailyfx.com/economic-calendar#2020-10-01
  • 🇨🇦 Markit Manufacturing PMI (SEP) Actual: 56.0 Previous: 55.1 https://www.dailyfx.com/economic-calendar#2020-10-01
  • Indices Update: As of 13:00, these are your best and worst performers based on the London trading schedule: US 500: 0.81% Wall Street: 0.63% France 40: 0.24% FTSE 100: 0.21% Germany 30: -0.28% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/2iBc6pPj7P
Forex Strategy: Looking to ECB for Short EUR/USD Setup

Forex Strategy: Looking to ECB for Short EUR/USD Setup

2014-05-08 13:00:00
Ilya Spivak, Head Strategist, APAC
Share:

The Euro has met important technical resistance against the US Dollar after rising to the highest level in nearly two months. Prices are testing the March 18 close at 1.3932, with a break above that exposing the top of a large Rising Wedge formation at 1.4020. Falling trend line resistance-turned-support stands at 1.3873, with a daily close back below that aiming for an upward-sloping barrier set from early February, now at 1.3801.

I continue to expect Euro weakness in line with my long-term fundamental outlook. An actionable short entry signal has been absent however, keeping me on the sidlines, but today's ECB policy announcement may begin to top the scales.

SEE CHART HERE

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

DISCLOSURES