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
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
USD/JPY
Mixed
Gold
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
Oil - US Crude
Bullish
Bitcoin
Bearish
More View more
Real Time News
  • The $USD may be set to rise against the Mexican Peso after breaking chart resistance. Stalled passage of the USMCA trade pact may offer fundamental fuel for gains. Get your market update from @IlyaSpivak here:https://t.co/TzhmEoFjuY https://t.co/pXykmgTddJ
  • $USDCAD Daily Pivot Points: S3: 1.3079 S2: 1.3161 S1: 1.3215 R1: 1.3297 R2: 1.3326 R3: 1.3409 https://www.dailyfx.com/pivot-points?ref=SubNav?utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • This was the best week for my #ASEAN #USD Index in over a month as uncertainties over a US-China #tradedeal brewed. Now we are sitting just under a former rising support line from March. But the dominant downtrend still holds via potential falling resistance from September https://t.co/jypDk8d9LJ
  • Forex Update: As of 21:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.03% 🇯🇵JPY: -0.02% 🇦🇺AUD: -0.04% 🇪🇺EUR: -0.36% 🇨🇭CHF: -0.43% 🇬🇧GBP: -0.59% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/yfcHpARHwH
  • Hands down the most extreme speculative positioning signal among the futures contracts I watch: $VIX net short hits a fresh record -218,362 contracts https://t.co/4ox67gqD16
  • What is a doji morning star candlestick? How can you use it in your #tradingstrategy? Find out from @RichardSnowFX here: https://t.co/w7Y4qj2Qkm https://t.co/UloZ649bnI
  • Commodities Update: As of 21:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: -0.02% Gold: -0.13% Silver: -0.48% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/bIRXfcVsLF
  • Perhaps the most provocative FX-based speculative futures positioning picture for me though is gulf between $USDMXN and the net spec bearing https://t.co/MOXb4S7KKQ
  • $NZDUSD is another interesting backdrop for futures speculators. Slowly rounding up from its extreme net short just as the underlying climbs up from a decade low https://t.co/3tElrXI0r2
  • In the COT net speculative futures update, an interesting picture in interest around $GBPUSD. Enthusiasm is clearly flagging https://t.co/MupQpagAEl
Euro Finds Interim Support at 14150

Euro Finds Interim Support at 14150

2011-05-12 15:40:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Daily Bars

TopHeadline_2_body_eurusd.png, Euro Finds Interim Support at 14150

Prepared by Jamie Saettele, CMT

The EURUSD has found temporary support at 14150, a level defined by the 38.2% retracement of the rally from the January low and 4/18 low. While a corrective bounce cannot be ruled out, risk remains for additional weakness. There would be 2 equal legs down from above 14900 at 13736 which intersects with corrective channel support on May 16th(keep this date in mind). The drop to this level would constitute wave B within an A-B-C advance from 12874. Additional levels that may offer support are 14000 and 13861. Trading above 14423 would delay the bearish outcome and shift focus to resistance between 14510 and 14600.

Support/Resistance Index (M,W,D) – (3), 0, (3)

Latest Video

Monthly Forecast

Weekly Forecast

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.