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.

Free Trading Guides
EUR/USD
Mixed
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
GBP/USD
Mixed
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
USD/JPY
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
Gold
Mixed
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
Oil - US Crude
Mixed
Bitcoin
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
More View more
Real Time News
  • Join @PaulRobinsonFX 's #webinar at 5:30 AM ET/10:30 AM GMT for insight on London #FX and #CFD trading. Register here: https://t.co/AoM3UvLtcF https://t.co/oPTGHKCNxc
  • #Gold prices may fall while the US Dollar gains even as economic policies championed by the Trump administration invite inflation. Get your market update from @IlyaSpivak here: https://t.co/4lHhHsby56 $XAUUSD https://t.co/fglkwoYSW8
  • NZD/USD Technical Analysis: NZ Dollar Set to Test Below 0.60? - https://www.dailyfx.com/forex/technical/home/analysis/nzd-usd/2019/11/12/NZDUSD-Technical-Analysis-NZ-Dollar-Set-to-Test-Below-0.60.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Spivak&utm_campaign=twr #NZDUSD #technicalanalysis
  • Heads Up:🇬🇧 GBP Output Per Hour (YoY) (3Q P) due at 09:30 GMT (15min), Actual: N/A Expected: N/A Previous: -0.5% https://www.dailyfx.com/economic-calendar#2019-11-12
  • Heads Up:🇬🇧 GBP Employment Change 3M/3M (SEP) due at 09:30 GMT (15min), Actual: N/A Expected: -102k Previous: -56k https://www.dailyfx.com/economic-calendar#2019-11-12
  • Heads Up:🇬🇧 GBP ILO Unemployment Rate 3Mths (SEP) due at 09:30 GMT (15min), Actual: N/A Expected: 3.9% Previous: 3.9% https://www.dailyfx.com/economic-calendar#2019-11-12
  • Heads Up:🇬🇧 GBP Weekly Earnings ex Bonus (3M/YoY) (SEP) due at 09:30 GMT (15min), Actual: N/A Expected: 3.8% Previous: 3.8% https://www.dailyfx.com/economic-calendar#2019-11-12
  • Heads Up:🇬🇧 GBP Average Weekly Earnings (3M/YoY) (SEP) due at 09:30 GMT (15min), Actual: N/A Expected: 3.8% Previous: 3.8% https://www.dailyfx.com/economic-calendar#2019-11-12
  • Heads Up:🇬🇧 GBP Jobless Claims Change (OCT) due at 09:30 GMT (15min), Actual: N/A Expected: N/A Previous: 21.1k https://www.dailyfx.com/economic-calendar#2019-11-12
  • Heads Up:🇬🇧 GBP Claimant Count Rate (OCT) due at 09:30 GMT (15min), Actual: N/A Expected: N/A Previous: 3.3% https://www.dailyfx.com/economic-calendar#2019-11-12
Euro Weekly Close Consideration

Euro Weekly Close Consideration

2011-03-29 15:40:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Weekly Closes

TopHeadline_1_body_eurusd.png, Euro Weekly Close Consideration

Prepared by Jamie Saettele

Trendline support continues to hold in the EURUSD and drop below 14020 (Monday low) in order to facilitate a break. To repeat recent observations – “a above 14282 would shift focus to 14360 (61.8% extension of rally from 11875) and 14413 (100% extension of 12873-13855 rally).” Clearly, the longer the EURUSD remains below its November high, the more likely it is that a high is in place. There is in fact RSI divergence present on the weekly. Remember, RSI is calculated using closing prices and last week’s close was above that of the November close. The RSI reading did not confirm the higher close. This subtlety is worthy of consideration.

Click here to see outlooks for the rest of the USD majors.

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

DISCLOSURES

News & Analysis at your fingertips.