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 Remains Firm as Price Nears January High

Euro Remains Firm as Price Nears January High

Jamie Saettele, CMT, Sr. Technical Strategist

240 Minute Bars

eliottWaves_eur-usd_body_eurusd.png, Euro Remains Firm as Price Nears January High

Prepared by Jamie Saettele, CMT

The EURUSD continues to hold up, having held support this morning at 12950. Near term focus remains on the early month high at 13076, which is reinforced as resistance from December congestion with a break above targeting 13200 (12/21 high and 11/25 low). Short term support is now 13010. Coming under 12950 would shift focus to 12875. Reward/risk and the uncertainty ahead of FOMC (tomorrow) preclude trades at the current juncture.

Bottom Line – flat

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

DISCLOSURES