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
Subscribe
Please try again
EUR/USD
Bullish
Oil - US Crude
Mixed
Wall Street
Bullish
Gold
Bullish
GBP/USD
Bearish
USD/JPY
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
More View more
Real Time News
  • Commodities Update: As of 11:00, these are your best and worst performers based on the London trading schedule: Silver: 0.16% Oil - US Crude: 0.07% Gold: -0.84% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/nKvZo7Xcu3
  • Forex Update: As of 11:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.55% 🇦🇺AUD: 0.49% 🇨🇦CAD: 0.32% 🇨🇭CHF: 0.18% 🇬🇧GBP: 0.17% 🇯🇵JPY: -0.19% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/feoPRrquoc
  • Heads Up:🇪🇸 Business Confidence (FEB) due at 11:30 GMT (15min) Previous: -3.6 https://www.dailyfx.com/economic-calendar#2021-02-25
  • ECB will purchase bonds flexibility to prevent undue tightening
  • Indices Update: As of 11:00, these are your best and worst performers based on the London trading schedule: France 40: 0.41% FTSE 100: 0.38% Wall Street: 0.23% US 500: 0.04% Germany 30: 0.02% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/yHJzP1WtWA
  • ECB's Lane says the ECB is closely monitoring the evolution of the longer-term nominal bond yields $EUR https://t.co/JpwbTqCFjo
  • ECB's Lane due out in 10-minutes Recent comments by ECB Officials - Lagarde "ECB is closely monitoring the evolution of longer-term nominal bond yields" (Feb 22nd) - Schnabel "We will ensure that there is no unwarranted tightening of financing conditions" (Feb 25th)
  • Selling in $CHF has shown little signs of abating, rise in global bond yields continues to pose a headwind $EURCHF performance - WTD +2% - MTD +2.5% https://t.co/H1FxF4154M
  • Join @CVecchioFX at 6:30 AM EST/11:30 GMT for his monthly central bank webinar. Register here: https://t.co/HyPgSrhjor https://t.co/AsCB634xDb
  • The Consumer Price Index, better known by the acronym CPI, is an important economic indicator released on a regular basis by major economies to give a timely glimpse into current growth and inflation levels. Learn how to better understand CPI here: https://t.co/nAa0fHHGbZ https://t.co/NO6wH8ZDJF
EUR/USD Keeps Traders In Suspense As Dojis Form Near Key Level

EUR/USD Keeps Traders In Suspense As Dojis Form Near Key Level

David de Ferranti, Currency Analyst

Talking Points

  • EUR/USD Technical Strategy: Pending Short
  • Doji Candlestick Indicates Indecision Near 1.3340
  • Break Of Nearby Support To Open 1.3100 Target

The Euro continues to keep traders in suspense near the critical 1.3340 floor with several Dojis indicating deliberation amongst traders. At this stage key bullish reversal patterns remain missing which leaves the immediate risk to the downside. Given the proximity to nearby buying support new shorts may be better served on a downside break. This would set the stage for a push to the September 2013 lows near 1.3100.

EUR/USD: Dojis Highlights Hesitation At Critical Support

EUR/USD Keeps Traders In Suspense As Dojis Form Near Key Level

Daily Chart - Created Using FXCM Marketscope 2.0, Volume Indicator Available Here

An examination of the four hour chart reveals the presence of a more defined range between 1.3340 and 1.3430. Turning points within the corridor have been marked by key candlestick reversal patterns. Based on the context afforded by the daily, shorts near the range-top would be preferred to trying to pick a bottom.

EUR/USD: Reversal Patterns Indicate Turning Points In Intraday Range

EUR/USD Keeps Traders In Suspense As Dojis Form Near Key Level

4 Hour Chart - Created Using FXCM Marketscope 2.0, Volume Indicator Available Here

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