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
Oil - US Crude
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
Wall Street
More View more
Real Time News
  • White House Economic Advisor Larry Kudlow: -Data suggests economy only needs 'targeted money' -Thinks economy is entering a 'self-sustaining recovery' -Trump 'completely opposes' bailing out states $USD $TNX $SPX
  • FTSE 100 IG Client Sentiment: Our data shows traders are now net-short FTSE 100 for the first time since Jul 20, 2020 when FTSE 100 traded near 6,264.90. A contrarian view of crowd sentiment points to FTSE 100 strength. https://www.dailyfx.com/sentiment https://t.co/iX4wB4HOah
  • Fed's Rosengren says the #Fed has been clear that negative interest rates are unlikely to be used
  • Back from vacation and back on schedule Going live for today's stock market webinar in 10 minutes - https://t.co/rmwDABTiN2 https://t.co/oC3Igu2muT
  • I've seen three more headlines today suggesting that there is significant money still on the sidelined despite the climb in markets. Is the assumption that some small tech milestone or new headline would excite investors to pay record amounts to get into a stretched market?
  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.57% 🇪🇺EUR: 0.41% 🇨🇦CAD: 0.40% 🇳🇿NZD: 0.14% 🇬🇧GBP: -0.16% 🇯🇵JPY: -0.43% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/3mZjwCXcwc
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 2.39% France 40: 1.37% US 500: 1.29% Germany 30: 1.14% Wall Street: 0.97% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/3rljxp4YdZ
  • Heads Up:🇺🇸 Fed Kaplan Speech due at 15:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-08-12
  • Poll: What do you think set off Gold's sharp tumble yesterday - its largest single-day plunge since the April 2013 crash? Answering this question for yourself can help you decide whether this is a temporary waver or the impetus for a new trend.
EUR/USD Consolidates Ahead of Jackson Hole

EUR/USD Consolidates Ahead of Jackson Hole

2016-08-25 15:36:00
Walker England, Forex Trading Instructor

Talking Points

  • EUR/USD Consolidates Ahead of Jackson Hole Policy Symposium
  • Daily EUR/USD Support is Found at 1.1244
  • What’s next for the EUR/USD and US Dollar Pairs? Learn more with our Trading Guide

The EUR/USD is currently consolidating after declining as much as 66 pips in yesterday’s trading. Today’s consolidation is found in the form of an inside bar, which is found by using Wednesday’s daily candle as a reference. This places resistance at the daily high of 1.1310, and support at the low of 1.1244. Traders may continue to monitor these values, planning on a EUR/USD breakout, going into tomorrow’s Jackson Hole Policy Symposium.

EUR/USD, Daily Chart & Inside Bar

EUR/USD Consolidates Ahead of Jackson Hole

Chart prepared by Walker England

In the 5 minute graph below, the EUR/USD can be seen trading just above the current daily low at 1.1277. The Grid Sight Index (GSI) is currently highlighting a short term downtrend, with the pair creating a series of lower lows in the last hour of trading. After reviewing 34,555,216 pricing points, GSI has indicated that price action has advanced 15 pips or more in 50% of the 84 matching historical events. This places the first historical bullish price distribution point at 1.1296. A move through this point would, suggest a change in the current short term momentum for the pair. As well, a move to 1.1296 would open the EUR/USD up to testing the previously mentioned value of daily resistance at 1.1311.

Alternatively, GSI has indicated that prices have declined by 15 pips or more in just 37% of the 84historical matches. This places the current first bearish distribution at a price of 1.1266. A move through this value would not invalidate the current daily inside bar pattern. However, this would push the EUR/USD closer to daily support at 1.1244.

Want to learn more about GSI? Get started learning about the Index HERE.

EUR/USD Consolidates Ahead of Jackson Hole

Sentiment for the EUR/USD continues to move closer to negative extremes, with SSI (speculative sentiment index) reading at -1.95. Typically with 66% of positioning short, this suggests that the EUR/USD may continue to trade higher. If the EUR/USD does breakout higher, SSI should shift to a negative extreme of -2.0 or more. Alternatively if the EUR/USD begins to breakout lower, it would be expected to see sentiment figures shift to a more neutral reading.

Are traders long or short the market Find out here!

EUR/USD Consolidates Ahead of Jackson Hole

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

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

Contact and Follow Walker on Twitter @WEnglandFX.

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


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.