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
Bearish
Oil - US Crude
Mixed
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
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
GBP/USD
Mixed
USD/JPY
Bullish
More View more
Real Time News
  • Risk appetite is struggling to keep traction despite Powell's reassurances this past session. While $NDX earned a record high, AMC and Bitcoin are still taking on water. Perhaps data close to GDP today will nudge conviction: https://www.dailyfx.com/forex/video/daily_news_report/2021/06/23/Nasdaq-Record-High-Doesnt-Speak-for-Risk-Dollar-Pairs-Look-to-PMIs.html https://t.co/HV1H2unXl2
  • Heads Up:🇹🇭 Balance of Trade (MAY) due at 03:30 GMT (15min) Expected: $0.78B Previous: $0.18B https://www.dailyfx.com/economic-calendar#2021-06-23
  • Heads Up:🇦🇺 RBA Ellis Speech due at 03:15 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-06-23
  • There are three major forex trading sessions which comprise the 24-hour market: the London session, the US session and the Asian session. Learn about the characteristics of each session here: https://t.co/reRmDe1Ksp https://t.co/iQxtF5chj4
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Silver: 0.54% Oil - US Crude: 0.40% Gold: 0.10% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/WpnRCZwONk
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: -0.14% 🇬🇧GBP: -0.14% 🇪🇺EUR: -0.15% 🇨🇭CHF: -0.17% 🇦🇺AUD: -0.18% 🇳🇿NZD: -0.33% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/4dm4PuTFDw
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 87.43%, while traders in France 40 are at opposite extremes with 69.97%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/qcUDEfPwKJ
  • Use this technical analysis pattern recognition skills test to sharpen your knowledge: https://t.co/Qgz89PTxnu https://t.co/Z0JuoGWSvT
  • Dow Jones May Lead Nikkei 225 Higher as Tapering Fears Ease https://www.dailyfx.com/forex/market_alert/2021/06/23/Dow-Jones-May-Lead-Nikkei-225-Higher-as-Tapering-Fears-Ease.html https://t.co/mIJTrYFv57
  • New Zealand imposes Covid restrictions in Wellington - BBG
EUR/USD Doji Ensemble Highlights Hesitation At Key Barrier

EUR/USD Doji Ensemble Highlights Hesitation At Key Barrier

David de Ferranti, Currency Analyst

Talking Points

  • EUR/USD Technical Strategy: Shorts Preferred
  • Hesitation Persists As Highlighted By Dojis Near 1.3100
  • Recovery Questionable In Absence of Bullish Signals

EUR/USDremains at a crossroads as parade of Dojis highlights indecision near the critical 1.3100 floor. A daily close below the hurdle would set the scene for a run on the psychologically-significant 1.3000 handle.

EUR/USD: Doji Highlights Indecision Near Critical Support

EUR/USD Doji Ensemble Highlights Hesitation At Key Barrier

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

The four hour chart reveals a similar narrative to the daily with several short body periods denoting hesitation from traders. Yet a void of bullish reversal candlesticks casts doubt on a recovery at this stage. Given the context afforded by the daily clearance of the 1.3100 handle would be preferred before looking at new short positions.

EUR/USD: Absence of Reversal Patterns Casts Doubt On A Corrective Bounce

EUR/USD Doji Ensemble Highlights Hesitation At Key Barrier

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