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
Wall Street
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
  • MACD who? The Moving Average Convergence Divergence (MACD) is a technical indicator which simply measures the relationship of exponential moving averages (EMA). Find out how you can incorporate MACD into your trading strategy here:
  • RT @Stephanie_Link: 84% of $SPX companies have beaten EPS estimates to date for Q3, which is tied for the 3rd highest percentage since 2008…
  • What is #NFP and how can you trade it? Find out:
  • What does it mean when one candle fully engulfs the previous in its price action? The bullish engulfing candle is one of the forex market?€?s most clear-cut price action signals. Figure out how to identify this pattern here:
  • Oil maintains a medium-term bullish outlook, but its overbought condition and price's proximity to key technical resistance may pave the way for a brief pullback before the next leg higher. Get your weekly oil forecast from @DColmanFX here:
  • It seems the markets are riding high, but risk is always lurking around the corner. Consider your escape plan before you find yourself in collapsing market. What are the top havens for different conditions in 2020? Find out from @JohnKicklighter here:
  • The update to the US GDP report may keep the Greenback under pressure as signs of a slowing recovery undermines speculation for an imminent shift in Fed policy. Get your weekly USD forecast from @DavidJSong here:
  • There a many different trading styles that can be applied to trading forex. Learn about different types of traders here:
  • Hang Seng Tech Index has likely formed a bullish “Inverse Head and Shoulders” chart pattern. Immediate support and resistance levels can be found at 5,800 and 7,433 respectively. Breaching above 7,433 would likely bring 8,266 into focus.
  • The Nasdaq 100 index has likely formed a bullish “Butterfly” chart pattern, which hints at further gains. The MACD indicator is about to form a bearish crossover, suggesting that upward momentum may be weakening and thus vulnerable to a short-term pullback.
EUR/USD Starts Trading Inside Range

EUR/USD Starts Trading Inside Range

Walker England, Forex Trading Instructor

Talking Points

  • The EUR/USD Opens in 44 Pip Range
  • Bullish Breakouts Begin Over 1.1311
  • SSI Reads Positive at -1.75

EUR/USD 30 Minute

EUR/USD Starts Trading Inside Range

(Created using Marketscope 2.0 Charts)

Interested in Learning the Traits of a Successful Trader? Click HERE

The EUR/USD has started Mondays trading, moving inside of a 44 pip trading range. In early morning, trading prices have initially bounced off support, which is found at today’s S3 camarilla pivot point at a price of 1.1244. If prices remain range bound, it opens up the EUR/USD to test values of resistance, including the R3 pivot point, which is found at a price of 1.1288.

Traders monitoring the EUR/USD for a breakout should continue to watch today’s R4 and S4 pivot points. Bullish breakouts for the day begin over the R4 pivot point, which is found at 1.1311. Conversely, bearish breakouts begin beneath the S4 pivot, which is found at a price of 1.1221. In the event that the EUR/USD trades to either of these values, it suggests that the pair may be attempting to breakout of a larger inside bar pattern. In this scenario, traders may look for a continued directional move above last Thursdays high at 1.1341 or under the low at 1.1203.

SSI (Speculative Sentiment Index) for the EUR/USD is currently reading near at -1.75. So far, this value is down significantly from last week’s reading of -1.15. As SSI continues to read negative, when taken as a contrarian signal it suggests that there may be further advances in price for the EUR/USD. Alternatively, if SSI flips to a positive reading later in the week, it may suggest a bearish retracement for the pair.

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.

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