Skip to content
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
EURUSD Inches Towards Trendline

EURUSD Inches Towards Trendline

Jamie Saettele, CMT, Sr. Technical Strategist

DailyBars

eliottWaves_eur-usd_body_eurusd.png, EURUSD Inches Towards Trendline

Prepared by Jamie Saettele, CMT

For most, trading in the middle of this range is not ideal. Price is currently pressing against resistance from former trendline support and congestion from late March / early April. Trendline resistance is just below 13300 as well. Hopefully, early May can provide a pivot to trade to from. Recent lows at 13155 and 13100 are near term supports. I don’t want to strongly suggest a direction when the market is drifting sideways but the inability of the EURUSD to break 13000 after 3 attempts in the last 2 months hints that the break will be higher. EUR event risk is heavy Wednesday through Friday.

Bottom Line (next 5 days): ?

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

DISCLOSURES