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. See our updated Privacy Policy here.



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
Please try again
More View more
EURUSD: Upswing to be Used to Add to Short

EURUSD: Upswing to be Used to Add to Short

Ilya Spivak, Head Strategist, APAC

Strategy: Short at 1.3073 (Avg), Targeting 1.2481

Floating Profit / Loss: +487 pips

We initially sold EURUSD at 1.3121 and added to the position at 1.3026. The pair sold off after forming a bearish Harami candlestick pattern and we have subsequently revised our stop-loss to be triggered on a daly close above 1.2865 after prices overcame our second objective. Positive RSI divergence now suggests an upswing is ahead, which we will treat as an opportunity to add to the short position once correction is exhausted. The 1.2674 level has been recast as near-term resistance.

EURUSD_Upswing_to_be_Used_to_Add_to_Short_body_Picture_5.png, EURUSD: Upswing to be Used to Add to Short

--- Written by Ilya Spivak, Currency Strategist for

To contact Ilya, e-mail Follow Ilya on Twitter at @IlyaSpivak

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

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