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.

Search results
No entries matching your query were found.
English Español Français Deutsch 中文（繁體） 中文（简体）
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
News
Euro Forecast: Decision on Coronabonds Critical For EUR/USD Outlook
2020-04-05 00:00:00
EUR/USD Outlook: Giving Back Short Term Gains -Euro vs USD Price Forecast
2020-04-04 03:00:00
Oil - US Crude
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
News
USD/MXN Price Analysis: US Dollar to Mexican Peso Eyes Fresh Highs
2020-04-04 22:34:00
S&P 500 Price Sinks as Unemployment Spikes; VIX Index Drops?
2020-04-04 04:00:00
Wall Street
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
News
S&P 500 Price Sinks as Unemployment Spikes; VIX Index Drops?
2020-04-04 04:00:00
Dow Jones Technical Forecast for the Week Ahead
2020-04-03 18:00:00
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
News
Gold Prices May Fall on FOMC Minutes, Recession & Credit Risks
2020-04-04 18:00:00
Gold Price Weekly Forecast: 2020 High on the Radar
2020-04-03 22:00:00
GBP/USD
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
News
US Dollar Setups Post-NFP: DXY Index, EUR/USD, GBP/USD & More
2020-04-03 21:30:00
British Pound (GBP) Latest: GBP/USD and FTSE 100 Continued Indecision
2020-04-03 08:00:00
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
News
Japanese Yen Weekly Forecast: USD/JPY, EUR/JPY, GBP/JPY, CAD/JPY
2020-04-04 15:00:00
US Dollar Setups Post-NFP: DXY Index, EUR/USD, GBP/USD & More
2020-04-03 21:30:00
More View more
Real Time News
  • Why must financial market traders monitor both monetary and fiscal policy? Find out from @MartinSEssex here: https://t.co/Fkzk88Y5gm https://t.co/AldbSctm9V
  • Do you know how to properly Identify a double top formation? Double tops can enhance technical analysis when trading both forex or stocks, making the pattern highly versatile in nature. Learn more about the double top formation here: https://t.co/yF133btXFd https://t.co/Sjnr0iVgAf
  • Upside momentum stalls with the #DAX and #FTSE 100 vulnerable to testing lower levels as the economic backdrop deteriorates further. Get your #equities technical analysis from @JMcQueenFX here: https://t.co/BFIaXTfDcs https://t.co/q0Mso4zWlT
  • RT @iv_technicals: *TRUMP SAYS HE'D USE TARIFFS IF NEEDED TO PROTECT OIL INDUSTRY - BBG #OOTT #WTI $USO
  • After the pattern is composed with the closing of the signal candle, then you can look to the following candle to identify a clear bias and risk points. Learn how to apply this knowledge to a trading strategy here: https://t.co/uh3NwgHBVv https://t.co/yl4KUMNmUh
  • Asia’s vast and growing importance to the world economy is not yet matched by the presence of a currency trading center to rival the established order. Get your update on market drivers in Asia here: https://t.co/r3Ku0p9dw1 https://t.co/CU5vMilpLH
  • - Gold prices may suffer if FOMC minutes spark risk aversion, concerns about liquidity - #XAUUSD could face additional selling pressure if employment data sours sentiment - Ballooning credit risks from distressed corporate debt markets may cap gold’s gains https://www.dailyfx.com/forex/fundamental/forecast/weekly/chf/2020/04/04/Gold-Prices-May-Fall-on-FOMC-Minutes-Recession-Credit-Risks.html
  • The bear flag pattern is a popular price pattern used by technical traders within the financial markets to determine trend continuations. Learn how to spot a bear flag pattern here: https://t.co/zg8QzS3ytS https://t.co/A8fvEmmh0K
  • Have you joined @DailyFX @facebook group yet? Discuss your #forex strategies and brush up on your skills with us here: https://t.co/VsfbITIb6B https://t.co/qSLzCiGVxa
  • S&P 500 Sinks as Unemployment Spikes; VIX Index Drops? -via @DailyFX “#StockMarket recovery stymied by dismal jobs report. #Volatility down, but extreme fear lingers.” Latest Forecast: https://www.dailyfx.com/forex/market_alert/2020/04/04/spx-sp500-sinks-as-unemployment-spikes-vix-index-price-drops.html $SPY $SPX $ES_F #Stocks #Analysis #Trading https://t.co/qwfhehTnbt
Euro Tests Weekly Low in Choppy Trade

Euro Tests Weekly Low in Choppy Trade

2012-01-11 00:02:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Daily Bars

eliottWaves_eur-usd_body_eurusd.png, Euro Tests Weekly Low in Choppy Trade

Prepared by Jamie Saettele, CMT

I wrote yesterday that “the 3 wave rally from 12666 leaves the EURUSD in a vulnerable state. I remain focused on the August 2010 low at 12590, trendline that extends off of the May and October lows (at about 12550 today) and 100% extension of the decline from the May high at 12452.” The EURUSD has rebounded slightly after dropping to a new low. Focus does remain on the mentioned 12590 and trendline (12530 for Thursday) BUT the requirements for an ending diagonal from 13197 have been satisfied thus increasing the risk of a reversal. Exceeding 12818 would trigger a bullish bias.

Bottom Line – flat

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

DISCLOSURES

Related Articles

EURUSD Elliott Wave Forecast: Enough Evidence Points to Large Rally
EURUSD Elliott Wave Forecast: Enough Evidence Points to Large Rally
2019-10-01 18:29:00
EURUSD Elliott Wave Forecast Points Towards Temporary Correction
EURUSD Elliott Wave Forecast Points Towards Temporary Correction
2018-10-30 01:56:00
Last Time This Happened in EURUSD was 1 Year Ago
Last Time This Happened in EURUSD was 1 Year Ago
2018-04-23 22:30:00
EUR/USD Elliott Wave Analysis: 3 Ending Waves Meet a 10 Year Trend Line
EUR/USD Elliott Wave Analysis: 3 Ending Waves Meet a 10 Year Trend Line
2018-02-08 21:37:00
Advertisement

Rates

EUR/USD
Bearish
News & Analysis at your fingertips.