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
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
Gold
Mixed
Oil - US Crude
Bearish
Bitcoin
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
More View more
Real Time News
  • RBNZ Governor Adrian Orr: Low currency has supported New Zealand's earnings, we will add further monetary stimulus if needed -BBG #NZDUSD #RBNZ
  • Missed my coverage of the #RBNZ rate decision where I covered the outlook for $NZDUSD $NZDJPY $AUDNZD and $NZDCAD ? Check out the recording here - https://t.co/Ma7IThm3KE
  • Hang Seng Index down almost five percent since November 8 https://t.co/UH5tZx7LSD
  • Heads Up:🇳🇿 NZD RBNZ Governor News Conference After OCR Decision due at 02:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2019-11-13
  • The $AUD appears to have resumed the dominant downtrend against its US counterpart after breaking support set from October lows. Get your $AUDUSD market update from @IlyaSpivak here:https://t.co/DW5oWIuMaX https://t.co/YEDXqYw6b6
  • AUD/JPY IG Client Sentiment: Our data shows traders are now net-short AUD/JPY for the first time since Apr 23, 2019 when AUD/JPY traded near 79.31. A contrarian view of crowd sentiment points to AUD/JPY strength. https://www.dailyfx.com/sentiment https://t.co/bZH4XB09tP
  • Snippets from the #RBNZ Monetary Policy Statement - https://t.co/xkV3R4zLii
  • RBNZ justified policy hold stating that economic developments since August do not warrant a change in policy. - BBG #NZDUSD #NZD
  • 🇳🇿 NZD RBNZ Official Cash Rate (NOV 13), Actual: 1.00% Expected: 0.75% Previous: 1.00% https://www.dailyfx.com/economic-calendar#2019-11-13
  • RBNZ adds that a weaker #NZD is supporting the economy. Policymakers are also assessing alternative policy measures - BBG #NZDUSD
Euro Reaches Resistance From 14339

Euro Reaches Resistance From 14339

2011-05-20 14:45:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Daily Bars

eliottWaves_eur-usd_body_eurusd.png, Euro Reaches Resistance From 14339

Prepared by Jamie Saettele, CMT

The EURUSD is declining sharply as I type but the low from Monday has held. As long as price is above 14050, potential remains for strength towards 14500-14600 in a larger correction. It is also possible that a more important B wave low is in place (as per the count above) but confirmation is lacking from short term price action. Trading below 14047 would negate any upside potential and shift focus to 13860-13900.

Support/Resistance Index (M,W,D) – (3), 0, 1

Latest Video

Monthly Forecast

Weekly Forecast

COT

Jamie Saettele publishes Daily Technicals every weekday morning, COT analysis (published Monday), technical analysis of currency crosseson Wednesday and Friday (Euro and Yen crosses), and intraday trading strategy as market action dictates at the DailyFX Forex Stream. A graduate of Bucknell University, he holds the Chartered Market Technician (CMT) designation from the Market Technician Association. He is the author of Sentiment in the Forex Market.  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.