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.



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
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
  • Heads Up:🇩🇪 Bundesbank Mauderer Speech due at 13:30 GMT (15min)
  • UK PM Johnson spokesman says a deal is still possible but significant gaps remain, adds that EU must adopt more realistic policy for a deal
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.52%, while traders in Germany 30 are at opposite extremes with 60.54%. See the summary chart below and full details and charts on DailyFX:
  • LIVE NOW: Join Technical Strategist @MBForex for his Weekly Strategy Webinar to review the setups we're tracking into the open of the week!
  • ECB Sources - New rift opening in ECB GC over future stimulus & economic projections - Hawk wanted in Sep to quietly reduce pace of PEPP purchases and objected to projections excluding fiscal measures - Doves object to Lagarde's timid language on Euro strength
  • EU's Sefcovic says UK position far apart from what the EU can accept $GBP
  • Forex Update: As of 12:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 1.16% 🇦🇺AUD: 0.55% 🇪🇺EUR: 0.34% 🇳🇿NZD: 0.21% 🇯🇵JPY: 0.15% 🇨🇦CAD: 0.01% View the performance of all markets via
  • Weekly Strategy Webinar starting in 15mins!
  • RT @meremortenlund: 🇺🇸💸Here is how to trade the US election
  • Forex liquidity makes it easy for traders to sell and buy currencies without delay, and also creates tight spreads for favorable quotes. Low costs and large scope to various markets make it the most frequently traded market in the world. Learn more here:
EUR/USD, Gold Price & More – Charts for Next Week

EUR/USD, Gold Price & More – Charts for Next Week

2020-07-17 11:30:00
Paul Robinson, Strategist

Technical Outlook:

  • EUR/USD looks set to keep on rising
  • Gold postured for higher prices too

EUR/USD has been a bit choppy, but nevertheless it keeps on heading higher towards its best levels since the March spike. The change in character the past month suggests the rally could even grow legs at some point. The change in character in reference, is the fact that after the June rally the Euro didn’t fall apart as it has done after every rally since early 2018. But before EUR/USD can string together a sizable rally the March high at 11495 will need to be exceeded, then the trend-line from 2008 up near 11700. For now the bias is bullish until we see pervasive price action or a strong rejection at one of the thresholds mentioned above.

EUR/USD Daily Chart (steadily heading higher)

EUR/USD daily chart

EUR/USD Chart by TradingView

Gold price is treading water around the 1800-mark where three peaks were created in 2011/12 following the bull market high of 2011. But despite this major threshold, gold is holding up well in the absence of any major selling pressure. In the near-term, there is a nice upward trajectory that keeps the metal moving higher. As long as the July 14 low at 1790 holds, then so should the upward bias. A strong push into the 1800s could see gold start to rise towards the 2011 high at 1920. A break of 1790 (& trend-line support) would be reason for turning cautious, if not outright bearish.

Gold Price Daily Chart (2011/12 1800-area)

Gold price daily chart

Gold Price Chart by TradingView

Gold price 4-hr Chart (treading sideways, 1790 key)

Gold price 4-hr chart

Gold Price Chart by TradingView

For all the charts we looked at, check out the video above…

Resources for Forex Traders

Whether you are a new or an experienced trader, DailyFX has several resources available to help you; indicator for tracking trader sentiment, quarterly trading forecasts, analytical and educational webinars held daily, and trading guides to help you improve trading performance.

---Written by Paul Robinson, Market Analyst

You can follow Paul on Twitter at @PaulRobinsonFX

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