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
Mixed
Oil - US Crude
Mixed
Wall Street
Bullish
Gold
Bearish
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • Traders focus a lot of their energy on spotting the perfect time to enter a trade. While this is important, it is ultimately where traders choose to exit trades that will determine success. Learn about the three types of trading exit strategies here: https://t.co/muYkTNXH7s https://t.co/17PKF2fWMh
  • 🇩🇪 Balance of Trade s.a (JAN) Actual: €22.2B Expected: €16.4B Previous: €16.4B https://www.dailyfx.com/economic-calendar#2021-03-09
  • 🇩🇪 Balance of Trade (JAN) Actual: €14.3B Previous: €15.2B https://www.dailyfx.com/economic-calendar#2021-03-09
  • 🇩🇪 Balance of Trade (JAN) Actual: €14.3B Previous: €14.8B https://www.dailyfx.com/economic-calendar#2021-03-09
  • 🇩🇪 Balance of Trade s.a (JAN) Actual: €22.2B Expected: €16.4B Previous: €16.1B https://www.dailyfx.com/economic-calendar#2021-03-09
  • Brush up your knowledge on #tradewars with this tool from DailyFX research briefly outlining trade-war history dating back to the early 1900s here: https://t.co/ZWaL6laTU5 https://t.co/1gdOjST2dn
  • Heads Up:🇩🇪 Balance of Trade s.a (JAN) due at 07:00 GMT (15min) Expected: €16.4B Previous: €16.1B https://www.dailyfx.com/economic-calendar#2021-03-09
  • Heads Up:🇩🇪 Balance of Trade (JAN) due at 07:00 GMT (15min) Previous: €14.8B https://www.dailyfx.com/economic-calendar#2021-03-09
  • (Commodities Briefing) Silver Broke Key Trendline? WTI Brushed Aside Saudi Arabian Oil Facility Attack #Silver #CrudeOil #XAGUSD #USD https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2021/03/09/Silver-Broke-Key-Trendline-WTI-Brushed-Aside-Saudi-Arabian-Oil-Facility-Attack.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/ct7xKeuru8
  • Nasdaq futures rally as much as 1.4% and Asian stocks stabilize after China intervenes to halt accelerating equity meltdown - BBG
EUR/USD Grinding Towards 1.3100 Floor With Reversal Signals Absent

EUR/USD Grinding Towards 1.3100 Floor With Reversal Signals Absent

David de Ferranti, Currency Analyst

Talking Points

  • EUR/USD Technical Strategy: Shorts Preferred
  • Short Body CandlesIndicate Fading Downside Momentum
  • Absence of Reversal Signals Leaves The Spotlight On 1.3100

EUR/USD maintains its downward trajectory with bullish candlestick patterns remaining absent for the pair. Several short body candles alongside a Doji formation suggest some hesitation by the bears. Yet the void of classic reversal patterns leaves the risks skewed to the downside and keeps the spotlight on the 1.3100 floor.

EUR/USD: Slowly Grinding Towards 1.3100 Target

EUR/USD Grinding Towards 1.3100 Floor With Reversal Signals Absent

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

An examination of the four hour chart reveals some intraday buying interest at the 1.3152 barrier. An ensemble of Dojis suggests indecision near the support level. However, further upside potential may be limited by sellers sitting at the 1.3240 barrier.

EUR/USD: Dojis Denote Indecision Near Intraday Support

EUR/USD Grinding Towards 1.3100 Floor With Reversal Signals Absent

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

By David de Ferranti, Currency 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