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
Wall Street
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
EURUSD Attempting Rebound from Nearly 2 Year Low

EURUSD Attempting Rebound from Nearly 2 Year Low

Jamie Saettele, CMT, Sr. Technical Strategist


eliottWaves_eur-usd_body_eurusd.png, EURUSD Attempting Rebound from Nearly 2 Year Low

Prepared by Jamie Saettele, CMT

Former base channel supports are now resistance. The Monday pivot (12823) remains in place as the EURUSD has gone into free-fall the last 2 days. I wrote last update that “the importance of the January cannot be understated and a drop below could culminate in a panic washout type of drop towards former resistance at 12480 (June 2010).” The EURUSD has held 12500 so far but keep 12480 in mind if reached. Increasingly deteriorating sentiment probably needs to be relieved in the form of a correction, if even just sideways. In that event, 12724 is resistance.

LEVELS: 12904 12868 12824 12725 12650 12480

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