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
More View more
Euro Longs Favored above 13270

Euro Longs Favored above 13270

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_eur-usd_body_eurusd.png, Euro Longs Favored above 13270

Prepared by Jamie Saettele, CMT

Barring a drop below 13270, continue to look higher in the EURUSD towards measured objectives at 13584 (100% extension of 12623-13234 rally) and 13627 (61.8% retracement of decline from the 10/27/11 high). The former level intersects short and long term channels on Thursday. Expect support just under the market from 13340 to 13355.

Bottom Line: Higher

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