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.

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
Subscribe
Please try again
EUR/USD
Bullish
Oil - US Crude
Bearish
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
Wall Street
Mixed
Gold
Mixed
GBP/USD
Mixed
USD/JPY
Bullish
More View more
Real Time News
  • Consolidation or bull flag? A bull flag is a continuation pattern that occurs as a brief pause in the trend following a strong price move higher. Learn how to better spot these formations here: https://t.co/yOEvLjKnct https://t.co/qP2PbS4dsY
  • 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: https://t.co/qV3c7a4YR3 https://t.co/POGWDIkqqz
  • USD hegemony is at risk thanks to changes in the global economy and the long-term consequences of the US-China trade war. Get your market update from @CVecchioFX here: https://t.co/5GO9UrvO4y https://t.co/H76jNJJxU5
  • 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 https://t.co/c51s3IBcEu https://t.co/1TiEWCbJ6t
  • Use this technical analysis pattern recognition skills test to sharpen your knowledge: https://t.co/Qgz89PTxnu https://t.co/fN2mfHgpON
  • The formation of several bullish technical patterns suggests that the haven-associated Japanese Yen is at risk of further losses against the Euro and Australian Dollar. Get your market update from @DanielGMoss here:https://t.co/qxQwHgD9Ey https://t.co/ym73tgtHLn
  • Natural gas is moving lower after weather models pointed to warmer-than-average temperatures across much of the US. Get your market update from @FxWestwater here:https://t.co/HuXPXu5PFU https://t.co/ytHqOoHnxQ
  • Gold and silver prices may continue to rise in the coming months on the back of falling real rates of return and the prospect of additional fiscal support under a Biden administration. Get your market update from @DanielGMoss here:https://t.co/OMNoNHn2vZ https://t.co/155l4SQU6P
  • Will the Swiss Franc find reprieve after recent losses against the Canadian and New Zealand Dollars as NZD/CHF and CAD/CHF uptrends face key chart barriers? Find out from @FxWestwater here:https://t.co/c89gcaNhTt https://t.co/vkLRsG8KEn
  • The Australian Dollar may be at risk of losses against the New Zealand Dollar after an unexpectedly high NZ inflation reading sent AUD/NZD towards challenging short-term rising trend support. Get your $AUD market update from @ddubrovskyFX here:https://t.co/JoaUMTv80S https://t.co/Hl4I8Gl7Ez
Euro Muted on PMIs, EUR/USD, EUR/GBP Levels to Watch

Euro Muted on PMIs, EUR/USD, EUR/GBP Levels to Watch

Justin McQueen, Analyst

EUR/USD, EURGBP Price Analysis & News

  • Euro Sees Little Reaction to Mixed PMI
  • EUR/USD, EUR/GBP Levels to Watch
Advertisement

Euro Sees Little Reaction to Mixed PMI

A mixed set of PMI figures from France and Germany sees are fairly muted reaction in the Euro. To little surprise, the services sector took a significant hit given that the data covered the second lockdown. However, this was slightly above expectations, while IHS Markit noted that the latest contraction in activity was substantially slower than the previous lockdown, given that firms were able to better adapt to lockdown, thus less vulnerable to sharp falls in activity. French manufacturing sector slipped into contractionary territory, against expectations for a slight expansion of 50.1. Elsewhere, German PMI figures were broadly positive with both the manufacturing and composite reading surprising to the upside, thus the Euro and European indices have held steady.

EUR Forecast
EUR Forecast
Recommended by Justin McQueen
Download our fresh Q4 EURForecast
Get My Guide
Euro Muted on PMIs, EUR/USD, EUR/GBP Levels to Watch

Source: Refinitiv

EUR/USD, EUR/GBP Levels to Watch

EUR/USD: A narrow range thus far in the pair, although with a softer USD trend persisting, topside resistance is in focus at 1.1880-90 (last week’s highs). A break above opens the door to 1.1920. On the door, support is situated at 1.1815-20 where failure to hold puts the pair on course for a move towards 1.1750.

EUR/USD BULLISH
Data provided by
of clients are net long. of clients are net short.
Change in Longs Shorts OI
Daily -12% -2% -7%
Weekly -15% 24% 6%
Learn how to use Sentiment in your trading strategy
Get My Guide

EUR/GBP: The cross firmly lower to kick off the week as markets digest UK press reports that PM Johnson prepares significant Brexit intervention as negotiators begin the final push. As such, the cross will remain headline focused throughout the week. That said, in the event of a deal, a move to 0.8700 is likely on the cards for the cross. Resistance sits at 0.8946 (200DMA)

EUR/GBP BULLISH
Data provided by
of clients are net long. of clients are net short.
Change in Longs Shorts OI
Daily -21% -7% -15%
Weekly -32% 46% -9%
Learn how to use Sentiment in your trading strategy
Get My Guide

10 Most Popular Candlestick Patterns

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

DISCLOSURES