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
Bearish
Gold
Bearish
GBP/USD
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
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
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 90.40%, while traders in GBP/JPY are at opposite extremes with 73.11%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/OIQdmAonim
  • Forex Update: As of 05:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.03% 🇨🇦CAD: -0.09% 🇨🇭CHF: -0.10% 🇳🇿NZD: -0.32% 🇬🇧GBP: -0.32% 🇦🇺AUD: -0.50% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/2OP175Fhnt
  • Indices Update: As of 05:00, these are your best and worst performers based on the London trading schedule: US 500: -0.29% Wall Street: -0.32% FTSE 100: -1.16% Germany 30: -1.31% France 40: -1.49% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/oITVNgi8gw
  • 🇯🇵 Housing Starts YoY (JAN) Actual: -3.1% Expected: -2.5% Previous: -9% https://www.dailyfx.com/economic-calendar#2021-02-26
  • The bull flag pattern is a great pattern to add to a forex trader's technical arsenal. Explosive moves are often associated with the bull flag. Learn more about the bull flag pattern here: https://t.co/yOEvLjKnct https://t.co/EaIy6SLijZ
  • Heads Up:🇯🇵 Housing Starts YoY (JAN) due at 05:00 GMT (15min) Expected: -2.5% Previous: -9% https://www.dailyfx.com/economic-calendar#2021-02-26
  • Australian Government Bond Yields: 2-Year: 0.097% 3-Year: 0.092% 5-Year: 0.953% 10-Year: 1.834% 15-Year: 2.182% 30-Year: 2.807% - BBG $AUDUSD
  • Consolidation or bull flag? A bull flag is a continuation pattern that occurs as a brief pause in the trend following a strong price move higher. Learn how to better spot these formations here: https://t.co/yOEvLjKnct https://t.co/VqpwRSxkHS
  • Wall Street Futures Update: Dow Jones (-0.07%) S&P 500 (-0.01%) Nasdaq 100 (-0.31%) [delayed] -BBG
  • Time-cycle analysis suggests that the Japanese Yen could slide significantly lower against its major counterparts. Key levels for AUD/JPY, EUR/JPY and GBP/JPY. Get your market update from @DanielGMoss here:https://t.co/WPq4Z9zzEw https://t.co/gz1bAgz2o4
EUR/USD In A Precarious Position With Void Of Key Reversal Signals

EUR/USD In A Precarious Position With Void Of Key Reversal Signals

David de Ferranti, Currency Analyst

Talking Points

  • EUR/USD Technical Strategy: Shorts Preferred
  • Recovery Doubtful In Absence of Bullish Patterns On The Daily
  • H4 Chart Offers Contrasting Picture As Key Reversal Signal Emerges

EUR/USD may be set to extend its recent declines with key reversal patterns lacking on the daily chart. This may leave the pair vulnerable to a sustained descent on the 1.3100 handle (the September 2013 low). A daily close back above the 1.3340 barrier would be required to negate a bearish technical bias.

EUR/USD: Faces Further Weakness With Key Reversal Patterns Lacking

EUR/USD In A Precarious Position With Void Of Key Reversal Signals

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

Intraday support for the pair may have been found at 1.3240 based on the four hour chart below. While a Bullish Engulfing formation is emerging, it awaits the close of the current candle and successive up-period to be validated. An intraday recovery is likely to be met by selling pressure at the psychologically-significant 1.3300 hurdle.

EUR/USD: Bullish Engulfing Pattern May Hint At Intraday Recovery

EUR/USD In A Precarious Position With Void Of Key Reversal Signals

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