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.



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
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
Wall Street
More View more
Real Time News
  • $USDCAD pushed to fresh lows around 1.2610 today, hitting its lowest level since the spring of 2018. $USD $CAD
  • Commodities Update: As of 15:00, these are your best and worst performers based on the London trading schedule: Silver: -0.14% Gold: -0.35% Oil - US Crude: -0.58% View the performance of all markets via
  • 💶 Consumer Confidence Flash (JAN) Actual: -15.5 Expected: -15 Previous: -13.8
  • Join us for a special #webinar at 11:00 AM EST/16:00 GMT where you can learn how to identify price trends with trader sentiment. Register here:
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in Wall Street are at opposite extremes with 71.54%. See the summary chart below and full details and charts on DailyFX:
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Silver: -0.38% Gold: -0.44% Oil - US Crude: -0.79% View the performance of all markets via
  • Heads Up:💶 Consumer Confidence Flash (JAN) due at 15:00 GMT (15min) Expected: -15 Previous: -13.9
  • Cryptos LOD...#btc #eth #ltc #bch #cryptocurrencies @DailyFX Prices via @IGcom
  • Overall, with little surprises in the monetary policy announcement, the Euro saw little in the way of notable price action. Get your market update from @JMcQueenFX here:
  • $GBPUSD rose above 1.3700 today, hitting its highest level since the spring of 2018. $GBP $USD
EUR/USD Bearish Breakout Fails

EUR/USD Bearish Breakout Fails

Walker England, Forex Trading Instructor

Talking Points

  • The EUR/USD has failed to break lower under 1.0812
  • SSI reads slightly bullish at -1.1630
  • Bullish breakouts begin over 1.0901

EUR/USD 30 Minute Chart

EUR/USD Bearish Breakout Fails

(Created using Marketscope 2.0 Charts)

Losing Money Trading Forex? This Might Be Why.

The EUR/USD has failed to breakout lower this morning, after an early test of support found at 1.0812. However, after testing this point, which is represented above by the S4 Camarilla pivot, prices have now rebounded back inside of today’s trading range. This rebound in price may suggest at least a temporary stem in the bearish momentum that has caused the EUR/USD to drop as much as 164 pips this week. Traders looking for a bullish reversal for the pair should continue to monitor the S3 pivot point, at 1.0835. A continued move above this value opens prices to test points of resistance including the R3 pivot point at 1.0879.

Even though prices are currently trading away from today’s S4 pivot point, prices may be prone to breakout later in the US trading session. A move back through values of support would suggest a return to the bearish momentum seen earlier in the week. Conversely, a move above the R4 pivot at 1.0901 would be significant, as price action would be breaking out to a new weekly high. In this bullish scenario, a 1X extension of today’s 44-pip pivot range places potential targets near 1.0945.

SSI (Speculative Sentiment Index) for the EUR/USD is currently reading at -1.1630. While this number is not at an extreme, it does read slightly bullish with more positions short than long. If the pair continues to strengthen, trend traders can use the index as a confirmation tool as more short positions are established in an attempt to fade a newly developing trend.

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

See Walker’s most recent articles at his Bio Page.

Do you know the biggest mistake traders make? More importantly, do you know how to overcome the biggest mistake? Read page 8 of the Traits of Successful Traders Guide to find out [free registration required].

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.