Skip to Content
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 Support and Resistance Update

EURUSD Support and Resistance Update

Walker England, Forex Trading Instructor

Talking Points

  • The EURUSD opens in a 64 pip range
  • Today’s S4 pivot sits at 1.0806
  • Range resistance starts at 1.0903

EURUSD 30Minute Chart

(Created using FXCM’s Marketscope 2.0 charts)

Looking for more FX Reversals? Sign up for my email list here: SIGN UP HERE

The EURUSD has started Wednesdays trading ranging between values of support and resistance. Price is currently testing the bottom of today’s trading range found at the S3 camarilla pivot at a price of 1.0839. It should be noted that price has already moved through today’s 64 pip trading range once at this point. In the event that support holds, it raises the possibility of prices returning to values of resistance, including the R3 pivot found at 1.0903.

If prices continue to fall below the S3 support pivot, traders will begin looking for a breakout on the EURUSD. A breakout to lower lows would be marked by a move below S4 at 1.0806, and raise the possibility of the EURUSD declining in seven of the past eight trading sessions. A bullish alternative would be marked by a reversal of the pair breaking through the R4 pivot, which stands today at a price of 1.0936. It should be noted that a breakout in either scenario would effectively end the current range bound market conditions, and traders can adjust their trading accordingly.

Then, to practice setting up orders using Camarilla Pivots, register for a FREE Forex demo with FXCM. This way you can develop your day trading techniques while tracking the market in real time.

Click HERE to Register Now

---Written by Walker England, Trading Instructor

To Receive Walkers’ analysis directly via email, please SIGN UP HERE

To contact Walker, email

Contact and Follow Walker on Twitter @WEnglandFX.

Video Lessons || Free Forex Training

Trading Using Fibonacci (13:08)

Reading the RSI, Relative Strength Index (13:57)

Money Management Principles (31:44)

Trade Like a Professional Workshop (1:44:14)

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