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 - Looking For Pre-ECB Prices In Near-Term

EURUSD - Looking For Pre-ECB Prices In Near-Term

Paul Robinson, Strategist

Talking Points:

  • EURUSD consolidation/triangle building over the past few trading sessions
  • On a breakout above 11425, looking for a move back towards pre-ECB levels (~11600)
  • Break below 11260 negates bullish posture, retest or break of 1/26 low becomes risk

Looking at the hourly chart of EURUSD we can see a triangle forming just under key trend-line resistance levels. A breakout above 11425 will put price above the high of the triangle as well as both trend-lines. Given the puke/capitulation like price action following the 1/22 ECB meeting, I still favor long set-ups unless the recent consolidation fails to hold (Line in sand = 12600).

EURUSD 1-hr: Jan '15 - Present

EURUSD - Looking For Pre-ECB Prices In Near-Term

--- Written by Paul Robinson, DailyFX Research

To contact Paul, you can email him at

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