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
EUR/USD
Bullish
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
Bearish
Wall Street
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
Gold
Bullish
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • Silver prices have struggled to set support over the past week, but today’s move is encouraging for Silver bulls and there may be scope for topside continuation. Get your $XAG market update from @JStanleyFX here:https://t.co/IXGwt7iWOY https://t.co/oGfeq9BhUx
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Silver: 2.91% Gold: 1.18% Oil - US Crude: 0.08% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/DguhEbR3xk
  • Mnuchin and Pelosi plan to continue talks on stimulus later today - BBG
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.36%, while traders in Wall Street are at opposite extremes with 64.60%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/1hXd5NIVwS
  • $SPX battling it out at resistance. same zone that was in-play mid-August, and was also the prior ath set in Feb $ES $SPY https://t.co/lgu4PPk1cK
  • 🇧🇷 Balance of Trade (SEP) Actual: $6.2B Expected: $7.1B Previous: $6.6B https://www.dailyfx.com/economic-calendar#2020-10-01
  • Indices Update: As of 18:00, these are your best and worst performers based on the London trading schedule: US 500: 0.43% Germany 30: 0.01% Wall Street: 0.00% France 40: -0.03% FTSE 100: -0.19% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/RJRCefPXqH
  • Check out the @DailyFX Trader Education Center for detailed insight on how to trade pennant chart patterns plus more found at the link below: https://www.dailyfx.com/education/technical-analysis-chart-patterns/pennant-pattern.html/?ref-author=Dvorak
  • $AAL $UAL | Big moves potentially ahead by major US airliners, which could lead the way so to speak in terms of where the broader market heads next. These two companies hinge largely on stimulus talks. United and American Airlines coiled into pennant formations. #Stocks #Trading https://t.co/7lJXEokJ5o
  • Heads Up:🇧🇷 Balance of Trade (SEP) due at 18:00 GMT (15min) Expected: $7.1B Previous: $6.6B https://www.dailyfx.com/economic-calendar#2020-10-01
EUR/USD Traders Await Bearish Signal Near Range-Top At 1.3900

EUR/USD Traders Await Bearish Signal Near Range-Top At 1.3900

2014-05-06 10:57:00
David de Ferranti, Currency Analyst
Share:

Talking Points

  • EUR/USD Technical Strategy: Shorts Preferred
  • Doji suggests hesitation from the bulls near the critical 1.3900 handle
  • Range-trading strategies preferred on intraday timeframes

EUR/USD’s consolidation between 1.3780 and 1.3900 has persisted with the most recent pullback from the range-top prompting the formation of a Dojicandlestick. The formation suggests signs of indecision from traders and the potential for a pull-back towards the range-bottom. The current environment favors range-trading strategies that may be best-served by examining intraday price action on the four-hour chart.

EUR/USD: Prices Hold Below 1.3900 Following Doji Candlestick

EUR/USD Traders Await Bearish Signal Near Range-Top At 1.3900

Daily Chart - Created Using FXCM Marketscope 2.0

The range between 1.3780/5 and 1.3900 for EUR/USD persists, despite several noteworthy pieces of fundamental event risk last week on the US Dollar side of the equation. Look out for a bearish reversal pattern in the coming session which could herald a dip to the range-bottom.

EUR/USD: Candlestick Patterns Highlight Turning Points In Recent Range

EUR/USD Traders Await Bearish Signal Near Range-Top At 1.3900

4 Hour Chart - Created Using FXCM Marketscope 2.0

By David de Ferranti, Market Analyst, DailyFX

Follow David on Twitter: @Davidde

To receive David’s analysis directly via email, please sign up here.

Learn how to read candlesticks to help identify trading opportunities with the DailyFX Candlesticks Video Course.

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

DISCLOSURES