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
Subscribe
Please try again
EUR/USD
Mixed
Oil - US Crude
Bearish
Wall Street
Bearish
Gold
Mixed
GBP/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
USD/JPY
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
More View more
Real Time News
  • Update on #Cryptocurrencies #BITCOIN +2.89% #BITCOINCASH +3.09% #ETHEREUM +3.88% #RIPPLE +1.65% #LITECOIN +5.79%
  • A currency carry trade involves borrowing a low-yielding currency in order to buy a higher yielding currency in an attempt to profit from the interest rate differential. Find out if the carry trade suits your trading style here: https://t.co/7t4BzmLg8w https://t.co/GVZ0RT2Zh3
  • BoJ's Kataoka: Hard to see inflation nearing 2% Will keep making utmost effort toward price target - BBG #BoJ $JPY
  • 🇨🇳 Caixin Services PMI (FEB) Actual: 51.5 Previous: 52.0 https://www.dailyfx.com/economic-calendar#2021-03-03
  • BoJ's Kataoka: Desirable to lower rates to strengthen easing Will add stimulus without hesitation if needed Will extend special funding program if necessary - BBG #BoJ $JPY
  • RT @BrendanFaganFx: AUD/USD Eyes February High After Australian Q4 GDP Beat $AUD $USD Link: https://www.dailyfx.com/forex/market_alert/2021/03/03/AUDUSD-Eyes-February-High-After-Australian-Q4-GDP-Beat.html
  • BOJ's Kataoka says it is appropriate to link forward guidance to a price target - BBG $USDJPY
  • The commodity-sensitive Canadian Dollar may continue outperforming its major counterparts in the coming weeks. USD/CAD, CAD/CHF, CAD/JPY and EUR/CAD key levels to watch. Get your market update from @DanielGMoss here: https://t.co/9bkVXQuP5C https://t.co/K4OaGLhNm1
  • Heads Up:🇨🇳 Caixin Services PMI (FEB) due at 01:45 GMT (15min) Previous: 52.0 https://www.dailyfx.com/economic-calendar#2021-03-03
  • Heads Up:🇨🇳 Caixin Composite PMI (FEB) due at 01:45 GMT (15min) Previous: 52.2 https://www.dailyfx.com/economic-calendar#2021-03-03
Forex Trading: Pending EUR/USD and EUR/AUD Longs

Forex Trading: Pending EUR/USD and EUR/AUD Longs

Jamie Saettele, CMT, Sr. Technical Strategist

EURUSD Longs taken late yesterday were stopped out at breakeven (13275). The correction probably lasts the remainder of the week but levels that may produce a low are the 50% and 61.8% retracements of the rally from the 1/4 low at 13200 and 13150. The levels line up with former pivots as well. The former level is reinforced by former trendline support turned resistance (blue line on chart).

“The EURAUD decline from 12710 would consist of 2 equal legs at 12612 but Fibonacci retracements don’t begin until 12575 (38.2% of 12357-12710). The 50% at 12533 is reinforced by former resistance from the 1/8 high at 12529. Be picky…let the correction play out this week or take advantage of a sharp drop into 12529/75.” Currently at 12580, we may get an opportunity to buy weakness tonight or tomorrow on event risk out of Australia.

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

DISCLOSURES