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EURUSD, GBPUSD and Nasdaq Outlook: Key Levels and Events Ahead
2021-05-11 03:00:00
FX Week Ahead - Top 5 Events: Chinese, German, US Inflation Rates; Banxico Rate Decision; US Retail Sales
2021-05-10 19:00:00
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Crude Oil Price Eyes EIA Report as Pipeline Shutdown, India Fog Outlook
2021-05-11 03:00:00
Technical Levels for US Dollar, GBP/USD, USD/CAD, AUD/USD, Gold & Oil
2021-05-10 15:00:00
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6 Popular Technical Indicators for Stock Trading
2021-05-10 21:30:00
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2021-05-10 20:30:00
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Gold Forecast: Gold Volatility Surging as Real Yields Tumble
2021-05-10 22:00:00
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2021-05-10 15:00:00
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2021-05-11 04:00:00
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2021-05-11 03:00:00
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USD/JPY Pares Post-NFP Decline as US Treasury Yields Recover
2021-05-10 19:00:00
FX Week Ahead - Top 5 Events: Chinese, German, US Inflation Rates; Banxico Rate Decision; US Retail Sales
2021-05-10 19:00:00
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  • 🇳🇱 Inflation Rate YoY (APR) Actual: 1.9% Expected: 1.7% Previous: 1.9% https://www.dailyfx.com/economic-calendar#2021-05-11
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 88.89%, while traders in Wall Street are at opposite extremes with 77.13%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/sV6ncqn10p
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  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.10% 🇨🇦CAD: 0.08% 🇨🇭CHF: 0.06% 🇦🇺AUD: 0.03% 🇳🇿NZD: -0.03% 🇯🇵JPY: -0.08% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/hxMR9a5jxI
  • Heads Up:🇳🇱 Inflation Rate YoY (APR) due at 04:30 GMT (15min) Expected: 1.7% Previous: 1.9% https://www.dailyfx.com/economic-calendar#2021-05-11
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: Wall Street: -0.25% US 500: -0.52% France 40: -1.12% Germany 30: -1.24% FTSE 100: -1.26% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/sAj0aetO3t
  • Retail FX traders (at IG) have pushed up their long $USDCAD position to levels not seen in years which has nudged the net long to approximately 85% of open interest. They are fighting that trend https://t.co/eIOcdLiPik
  • Risk trends is the focus to start this week with the Nasdaq 100 dragging sentiment down through the close of the NY session. My attention is on the Dollar as pairs like $GBPUSD stare down major resistance or reversal: https://www.dailyfx.com/forex/video/daily_news_report/2021/05/11/EURUSD-GBPUSD-and-Nasdaq-Outlook-Key-Levels-and-Events-Ahead.html?ref-author=Kicklighter&QPID=917719&CHID=9 https://t.co/72GGBPMNcw
  • White House monitoring supply shortages in parts of the southeast -BBG
  • GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall health and potential growth of a country. Learn use GDP data to your advantage here: https://t.co/Yl9vM7kO6a https://t.co/RAtsYwpmXl
EURUSD Objective Now at 12150

EURUSD Objective Now at 12150

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_eur-usd_body_eurusd.png, EURUSD Objective Now at 12150

Prepared by Jamie Saettele, CMT

“Friday’s advance (which may have completed wave C of a flat) reversed before the June high, which keeps me looking lower towards Thursday’s low at 12406.” Today’s action reinforces the bearish call and also offers up some objectives. 12150 was a pivot in June 2010 and is joined by the 161.8% extension of 12747-12406 / 12692 at 12142. The 61.8% extension of waves i-iii comes in at 12068. 12420/50 is now resistance and risk on shorts can be moved down to 12530.

LEVELS: 12150 12287 12350 12420 12450 12495

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

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