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
More View more
Euro Nears Potential Pivot from August 2010 Low

Euro Nears Potential Pivot from August 2010 Low

Jamie Saettele, CMT, Sr. Technical Strategist

240 Minute Bars

eliottWaves_eur-usd_body_eurusd.png, Euro Nears Potential Pivot from August 2010 Low

Prepared by Jamie Saettele, CMT

The EURUSD plunged Friday after showing signs of a reversal on Friday. The ending diagonal pattern (from 13197) remains valid and the environment (spike low on news) is conducive to capitulation (may have already happened) and a reversal. The August 2010 low at 12590 remains a level to watch as support if reached. Resistance is 12695 and 12765.

Bottom Line – flat

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

DISCLOSURES