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


Thomas Long, Course Instructor

This bias may be nothing more than blind faith, but that is what trend trading is all about. Nobody knows for sure where a market is heading and I am of the opinion that the best traders react to the market's current move instead of trying to predict future moves. But the line in the sand is the 1.4625 level as a move down through that level would be an initial indication of a potential trend change. This also means that this price level offers an excellent protective sell stop level for those who are still buying this pair.


I would continue to look for buys, using the 1.4625 level as a potential protective sell stop level. A move down through that price level would mean a reevaluation of the direction of the trend is in order.

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