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.

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
Subscribe
Please try again
EUR/USD
Mixed
Oil - US Crude
Mixed
Wall Street
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
GBP/USD
Bearish
USD/JPY
Bullish
More View more
Real Time News
  • Heads Up:💶 Balance of Trade (APR) due at 09:00 GMT (15min) Previous: €15.8B https://www.dailyfx.com/economic-calendar#2021-06-15
  • Forex quotes reflect the price of different currencies at any point in time. Since a trader’s profit or loss is determined by movements in price, it is essential to develop a sound understanding of how to read currency pairs. Learn how to read quotes here: https://t.co/CNtqrKWDBY https://t.co/JyxgSYYRzc
  • Please join @MartinSEssex at 5:30 EST/9:30 GMT for a webinar on trading sentiment. Register here: https://t.co/diCwqqa7eS https://t.co/LdEUF5aReq
  • UK confirms that it has agreed a post-Brexit trade deal with Australia $GBP $AUD
  • FX options expiries of note $EURUSD 1.2150-60 (588mln) $EURGBP 0.8600-10 (1.1bln) $USDJPY 110.00 (1.26bln) $AUDUSD 0.7725-30 (1bln)
  • ECB's Rehn says accommodative financing conditions are a key element to supporting the Euro Area economic recovery - Recent faster inflation in the Euro Area is due to one off and temporary factors, adds that there are no signs of a rise in broader price pressures
  • 🇮🇹 Inflation Rate YoY Final (MAY) Actual: 1.3% Expected: 1.3% Previous: 1.1% https://www.dailyfx.com/economic-calendar#2021-06-15
  • Demand for the first bond backing EU recovery fund rises to over EUR 107bln, spread set at 2bps below mid-swap level $EUR
  • IG Client Sentiment Update: Our data shows the vast majority of traders in EUR/CHF are long at 74.18%, while traders in France 40 are at opposite extremes with 77.53%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/TQG0SzZVUh
  • Heads Up:🇮🇹 Inflation Rate YoY Final (MAY) due at 08:00 GMT (15min) Expected: 1.3% Previous: 1.1% https://www.dailyfx.com/economic-calendar#2021-06-15
EUR/USD Awaiting Daily Close Below 1.3500 To Offer New Sell Entries

EUR/USD Awaiting Daily Close Below 1.3500 To Offer New Sell Entries

David Ferranti,

Talking Points

  • EUR/USD Technical Strategy: Short Pending
  • Daily close below support at 1.3500 to open 1.3400
  • Absence of bullish signals casts doubt on potential bounce

The Euro bulls appear unwilling to relinquish their grip on the pair as the common currency holds above the 1.3500 handle. While several short body candles are suggestive of indecision amongst traders, they do little to suggest a more meaningful bounce at this stage. A daily close below support at 1.3500 would help signal conviction amongst the bears and open up the next psychologically-significant level at 1.3400.

EUR/USD: Signs of Indecision, Yet Too Soon To Suggest A Bounce

EUR/USD Awaiting Daily Close Below 1.3500 To Offer New Sell Entries

Daily Chart - Created Using FXCM Marketscope 2.0

A Bearish Engulfing pattern near resistance on the four hour chart delivered a drop for EUR/USD to support at 1.3520. While downside momentum appears to have evaporated, a reversal signal remains absent in intraday trade casting doubt on a recovery.

EUR/USD: Bearish Engulfing Pattern Near Resistance Delivers Drop

EUR/USD Awaiting Daily Close Below 1.3500 To Offer New Sell Entries

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