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.

Free Trading Guides
EUR/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
GBP/USD
Bearish
USD/JPY
Bullish
Gold
Mixed
Oil - US Crude
Bullish
Bitcoin
Bearish
More View more
Real Time News
  • Fed's Barkin: - Stock market not reacting to certain events is surprising $DXY $VIX
  • Fed's Barkin: - Coronavirus injecting a lot of uncertainty - Logistics in China making it hard to get manufacturing restarted $USDCNH
  • US #equity futures are marginally lower, with the #Dow Jones down 0.1%. However, despite the investor angst over the rising spread of the #Coronavirus, US equities have generally remained relatively robust. Get your market update from @JMcQueenFX here: https://t.co/QszmxFnYpt https://t.co/a77cCZFQ3B
  • Fed's Barkin: - US economy pacing well - Investment should recover with reduced uncertainty around trade $DXY $SPX
  • RT @TheBubbleBubble: World government debt to hit record $53 trillion this year: S&P Global: https://t.co/8cwkXqiI6j $TLT $IEF
  • #Oil prices find support as market angst around the novel #coronavirus outbreak dissipate and prospects for more production cuts from #OPEC grow, but the rebound in crude could be short-lived. (via @DailyFX) Full Analysis: https://www.dailyfx.com/forex/technical/home/analysis/usoil/2020/02/20/crude-oil-extends-support-bounce-on-opec-as-virus-fears-abate.html $USO $CL_F #OOTT #CrudeOil #WTI https://t.co/W3zkXjuqf5
  • $USDJPY rises to highest level since April 24th https://t.co/0xPjuttP9i
  • $USDCNH overtaking 7.0500 holds a lot of ancillary risk. Is this purely a Dollar move or perhaps coronavirus fallout for the Yuan? Will the White House consider it just a Dollar result or a trade war infraction (manipulation)? https://t.co/JRnXBdjaE8
  • I don't think $SPY is out of the woods yet - - Deeper 3m10s inversion - $AUDUSD breakdown - $XAU breakout And a plethora of weak economic data and other fundamental concerns. But if anything can shrug off these headwinds it's the current rally https://t.co/P4jqIGjd12
  • If you don't follow @JStanleyFX and his analysis, you don't know what you're missing. https://t.co/3hz3xetoVW
Euro Closing in on Potentially Strong Resistance

Euro Closing in on Potentially Strong Resistance

2010-07-06 14:54:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

 DT-10-07-06-EURO

I wrote Friday that “the structure of the EURUSD rally suggests at least a setback to 12480 as the rally from 12150 is in 5 waves. Still, strength upwards of 12675-12775 cannot be ruled out. 12675 intersects the corrective channel on Tuesday and 12775 (100% extension) on 7/13.” After slipping to 12480, the EURUSD has continued higher and is approaching the mentioned corrective channel. I am on the lookout for a top from 12675 to 12800ish.

Jamie Saettele publishes Daily Technicals every weekday morning, COT analysis (published Friday evenings), technical analysis of currency crosses on Monday, Wednesday, and Friday (Euro and Yen crosses), and intraday trading strategy as market action dictates at the DailyFX Forum.  He is the author of Sentiment in the Forex Market.  Follow his intraday market commentary and trades at DailyFX Forex Stream.   Send requests to receive his reports via email to jsaettele@dailyfx.com.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.