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.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Oil - US Crude
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
Euro 13025 Remains Trend Defining Level

Euro 13025 Remains Trend Defining Level

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_eur-usd_body_eurusd.png, Euro 13025 Remains Trend Defining Level

Prepared by Jamie Saettele, CMT

The EURUSD continues to trade within its first day of the month range (13218-13025). The sharp rebound from the low end of the range today is impulsive and gives scope to an eventual upside break. It is also possible that a triangle is unfolding from the 1/27 high. An upside break would be expected since triangles are continuation patterns and the trend that preceded the triangle was up. An objective is the mid 13400s, which is defined by the 50% retracement of the decline from the October high at 13435 and early December resistance at 13460. 13100 is near term support and a constructive bias is valid against 13025. A drop below there would shift focus to 12875.

Bottom Line – flat

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