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.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
EUR/USD
Mixed
Oil - US Crude
Bearish
Wall Street
Mixed
Gold
Mixed
Low
High
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
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.06%, while traders in US 500 are at opposite extremes with 73.55%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/PKjxdSlcpU
  • LIVE NOW: Join Technical Strategist @MBForex for his Weekly Strategy Webinar to review the setups we're tracking into the open of the week!- https://t.co/chKtG7ezG9
  • Weekly Strategy Webinar starting in 13mins! https://t.co/lxd5fZnn4H
  • Forex Update: As of 12:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.35% 🇪🇺EUR: 0.26% 🇨🇦CAD: 0.24% 🇬🇧GBP: -0.19% 🇨🇭CHF: -0.21% 🇯🇵JPY: -0.23% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/ZggGcyxXJq
  • 🇮🇳 Inflation Rate YoY (JUN) Actual: 6.09% Expected: 5.3% Previous: 5.91% https://www.dailyfx.com/economic-calendar#2020-07-13
  • Hey traders! I'm sure you've all heard about trend trading. Sharpen your knowledge here: https://t.co/jkliL5sxj7 https://t.co/0MG5XPiDF6
  • Heads Up:🇮🇳 Inflation Rate YoY (JUN) due at 12:00 GMT (15min) Expected: 5.3% Previous: 5.91% https://www.dailyfx.com/economic-calendar#2020-07-13
  • RT @DanielGMoss: #Silver surging to fresh yearly highs as the RSI bursts into overbought territory Significant change in sentiment as pri…
  • Join @MBForex at 8:30 AM ET/12:30 PM GMT for his weekly strategy #webinar Register here: https://t.co/VAnAfZU02T https://t.co/fu8UmwtSkz
  • Heads Up:🇧🇷 BCB Focus Market Readout due at 11:30 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-07-13
EURUSD Nears a MACD Sell Signal

EURUSD Nears a MACD Sell Signal

2011-11-21 18:24:00
Jeremy Wagner, Lead Trading Instructor, DailyFX Education,
Share:

A new government for both Italy and Spain in the past 2 weeks has provided temporary relief to the selling pressure on the Euro. The bias still remains negative for the outlook on the Euro, but these new governments has allowed the oversold technical measures to be relieved. This gives us an opportunity to enter into the pair as sellers.

EURUSD Nears a MACD Sell Signal

The EURUSD is approaching a downward sloping resistance line in place since October 27, 2011. This gives us a technical reason to enter the trade as a seller. To confirm the trade, wait for the price to reach the black line and for the MACD line (red line) to cross below the Signal Line (blue line).

Place a stop loss just above the black resistance trend line and above last Friday’s high near 1.3620.

Look to take profits at least twice the distance of your stop loss. So if your stop loss is 100 pips, then look for at least 200 pips of profit potential.

Learn more about trading with MACD by utilizing these resources.

MACD: Triggering Trades in Oscillating Markets

Trading with MACD (Video)

Enter the DailyFX Education Live Classroom

Additional Resources

How to Trade with Support and Resistance

Identifying the Trend (Video)

---Written by Jeremy Wagner, Lead Trading Instructor, DailyFX Education

Follow me on Twitter at @JWagnerFXTrader.

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

DISCLOSURES

News & Analysis at your fingertips.