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
  • Slippage can be a common occurrence in forex trading but is often misunderstood. Understanding how forex slippage occurs can enable a trader to minimize negative slippage, while potentially maximizing positive slippage. Learn about FX slippage here:
  • Key levels in forex tend to draw attention to traders in the market. These are psychological prices which tie into the human psyche and way of thinking. Learn about psychological levels here:
  • (USD Weekly Tech) US Dollar Dominant Uptrend Back In Focus: EUR/USD, USD/JPY, NZD/USD, USD/CHF
  • What is your forex trading style? Take the quiz and find out:
  • Join @IlyaSpivak at 22:00 EST/2:00 GMT for his cross-market weekly outlook webinar. Register here:
  • Did you know a Doji candlestick signals market indecision and the potential for a change in direction. What are the top five types of Doji candlesticks? Find out
  • *Reminder: Weekly Strategy Webinar Monday morning at 8:30am ET - Mid-Week Market Update on Wednesday at 9:30am ET -
  • Are you new to trading? Technical analysis of charts aims to identify patterns and market trends by utilising different forms of technical chart types and other chart functions. Get a refresher on technical analysis or begin building your knowledge here:
  • (AUD Weekly Tech) Australian Dollar May Wilt, Downtrends Resume: AUD/USD, AUD/JPY, AUD/NZD, AUD/CAD
  • Entry orders are a valuable tool in forex trading. Traders can strategize to come up with a great trading plan, but if they can’t execute that plan effectively, all their hard work might as well be thrown out. Learn how to place entry orders here:
EURUSD Price Outlook: Still Looking to Fall Further

EURUSD Price Outlook: Still Looking to Fall Further

Nick Cawley, Strategist

EURUSD Price, Chart and Analysis:

  • EURUSD set to test recent one-year low.
  • EURUSD technical set-up remains negative.

Q2 2019 EUR Forecast and USD Top Trading Opportunities

With little in the way of important Euro-Zone data this week, the EUR may well test the recent one-year low against the US dollar at just above 1.1100 and print yet another lower low. On the other side of the pair, the greenback is looking at some high-profile releases over the next couple of days and any better-than-expected prints may force EURUSD lower. Yesterday’s US consumer confidence release beat expectations with ease – 134.1 vs 130.0 exp and 129.2 prior - boosting the USD back towards its two-year peak.

EURUSD Price Outlook: Still Looking to Fall Further

Keep up to date with all key economic data and event releases via the DailyFX Economic Calendar

The US dollar remains firm despite US Treasury yields falling to lows not seen since September 2017. Lower government bond yields normally weaken the currency, however the USD continues to attract a safe-haven bid as risk appetite continues to wane. The 10-year UST currently yields 2.236%, down from 3.23% in September 2018.

The EURUSD chart remains bearish with an unbroken pattern of lower highs prominent since the start of January this year. The pair are now trading under all three moving averages, a bearish set-up, and a re-test of the recent 1.1107 low print remains likely. The CCI indictor shows the pair nearing oversold territory but it should be noted that EURUSD has been heavily oversold on five occasions this year, and twice very heavily. To the upside, the pair may struggle to break through congestion between 1.1176 and1.1216.

EURUSD Daily Price Chart (August 2018 - May 29, 2019)

EURUSD Price Outlook: Still Looking to Fall Further

Retail traders are 58.8% net-long EURUSD according to the latest IG Client Sentiment Data, a bearish contrarian indicator. However recent daily and weekly positional changes give us a stronger contrarian bearish bias.

We run several Trader Sentiment Webinars every week explaining how to use IG client sentiment data and positioning when looking at a trade set-up. Access the DailyFX Webinar Calendar to get all the times and links for a wide range of webinars.

Traders may be interested in two of our trading guides – Traits of Successful Traders and Top Trading Lessons – while technical analysts are likely to be interested in our latest Elliott Wave Guide.

What is your view on EURUSD – bullish or bearish? You can let us know via the form at the end of this piece or you can contact the author at nicholas.cawley@ig.comor via Twitter @nickcawley1.

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