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
EUR/USD
Mixed
Oil - US Crude
Mixed
Wall Street
Mixed
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
GBP/USD
Bullish
USD/JPY
Bearish
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.95%, while traders in US 500 are at opposite extremes with 73.16%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/PQBbkVhsYC
  • Tune in to @CVecchioFX 's #webinar at 7:30 AM ET/11:30 AM GMT for insight on major event risk in the week ahead. Register here: https://t.co/X8TIhpKxtF https://t.co/cY4d8HuulB
  • Commodities Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Silver: 1.76% Gold: 0.55% Oil - US Crude: -1.72% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/3jrww8p1wR
  • Forex Update: As of 10:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.34% 🇪🇺EUR: 0.24% 🇨🇦CAD: 0.18% 🇨🇭CHF: -0.04% 🇬🇧GBP: -0.09% 🇯🇵JPY: -0.16% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/MrwBNuRDKM
  • Further gains in USD/IDR could be curbed as USD/PHP establishes a floor around 2017 lows. USD/MYR may fall next as USD/SGD fast approaches a key falling trend line.Get your #ASEAN currencies market update from @ddubrovskyFX here:https://t.co/9JgZm2n8Fl https://t.co/uJE0fNg0UJ
  • Indices Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Germany 30: 1.07% FTSE 100: 1.03% France 40: 0.98% Wall Street: 0.62% US 500: 0.53% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/gEAqOTqF0h
  • Missed today's Cross-Market Weekly Outlook webinar? See the recording here - https://t.co/Gbz5wXsUvv
  • Last week, Gold rallied to a near eight-year high then retreated after. Will today’s Fed member William’s speech (16:30UK) boost the precious metal’s rally? #Gold, #Fed, #USD https://t.co/ScCkyDTh87
  • Tune in to @nickcawley1 's #webinar at 6:30 AM ET/10:30 AM GMT to prepare for key UK events and markets in the week ahead. Register here: https://t.co/xewSeUoDaT https://t.co/WewarBpt91
  • Makes next week's earnings release interesting...#Tesla https://t.co/D75ZsKyLKj
EURUSD: Possible Top Set Below 1.3231

EURUSD: Possible Top Set Below 1.3231

2012-02-03 02:55:00
Ilya Spivak, Head Strategist, APAC
Share:

Strategy: Short at 1.3526, Targeting 1.2623

Floating Profit / Loss: +394 pips

We initially sold EURUSD at 1.3526. Prices have now completed a bearish Three Inside Down candlestick pattern below resistance at 1.3231, the late-November swing bottom and our revised stop-loss level, hinting the corrective upswing that played out over the past two weeks may be running out of steam. We will continue to hold short, revising our soft target slightly higher to 1.2623, the latest swing low. A daily close above 1.3231 triggers the stop-loss. Initial support lines up in the 1.2927-2966 area.

EURUSD_Possible_Top_Set_Below_1.3231_body_Picture_5.png, EURUSD: Possible Top Set Below 1.3231

--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

To contact Ilya, e-mail ispivak@dailyfx.com. Follow me on Twitter at @IlyaSpivak

To be added to Ilya's e-mail distribution list, send a note with subject line "Distribution List" to ispivak@dailyfx.com

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

DISCLOSURES

News & Analysis at your fingertips.