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
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
Oil - US Crude
Wall Street
More View more
Real Time News
  • US Senator Romney: I want to get an agreement on infrastructure today $USD $DXY
  • US Treasury Sec. Yellen: - Congress should act to lift the debt ceiling as quickly as possible - We cannot allow any chance of the government defaulting on its debt
  • US Treasury Sec. Yellen: - Defaulting on the national debt is "unthinkable" - It would be catastrophic for the US to default, that would likely precipitate a crisis
  • US Treasury Sec. Yellen: - The Fed's IOER adjustment was purely technical - According to the Fed, the stance of monetary policy has not changed
  • US Treasury Sec. Yellen: - Inflation estimates for next year are consistent, hovering around 2%
  • US Treasury Sec. Yellen: - The majority of inflation expectation indicators are still stable - Inflation will return to normal levels after this year
  • US Treasury Sec. Yellen: - I believe current inflation patterns are temporary due to supply chain bottlenecks - It will be a bumpy road to reopening, but the economy is on a good track
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Silver: 0.59% Gold: 0.05% Oil - US Crude: -0.12% View the performance of all markets via
  • US Treasury Sec. Yellen: Raising the corporate tax rate would land the US in the middle of its peers
  • US Senator Schumer: - We are moving forward on multiple infrastructure proposals - I will meet with White House officials later along with Speaker of the House Nancy Pelosi
EUR/USD Forecast - Battling Short-Term Technical Indicators

EUR/USD Forecast - Battling Short-Term Technical Indicators

Nick Cawley, Strategist

EUR/USD Price Forecast, Analysis and Chart:

  • EUR/USD moving sideways in a very-thin market.
  • Traders should adopt a wait-and-see stance.

EUR/USD Outlook Muddled by Short- and Medium-Term Moving Averages

EUR/USD is struggling in holiday-thinned market conditions with the upside seemingly blocked by the 20-day moving average cutting across around 1.1100 big figure level. Last Friday’s slump through this indicator added a negative bias to the pair with this candle’s range of 1.1066 – 1.1124 likely to hold during the upcoming holiday. The downside is protected by the 50-dma at 1.1077 but this may come under pressure if US dollar strength continues into the year-end, leaving 1.1066 vulnerable. Holiday-thinned markets can prove tricky and it may be best to watch any moves from the sidelines until liquidity returns.

EUR/USD Technical Analysis – Euro Struggling to Break Higher

Thin market conditions may help a downside break, especially as the US dollar remains in demand going into the year-end. While the latest CoT Report shows some USD longs being pared back, the Fed remains concerned about USD liquidity and recently announced that it will provide $500 billion of liquidity via overnight and term repos. The Federal Reserve Bank of New York announced last week a supply of reserves ‘to mitigate the risk of money market pressures that could adversely affect policy implementation’.

Economic data out later in the session includes US durable goods orders for November which are expected to pick-up to 1.5% from October’s 0.5%. For all economic data and events, see the DailyFX Economic Calendar.

EUR/USD Daily Price Chart (March – December 23, 2019)

eurusd chart showing euro weakness

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 the Euro and the US Dollar – 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.