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.

Free Trading Guides
EUR/USD
Mixed
Low
High
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
Oil - US Crude
Bullish
Low
High
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
Wall Street
Mixed
Low
High
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
Gold
Bearish
Low
High
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
GBP/USD
Mixed
Low
High
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
USD/JPY
Mixed
More View more
Real Time News
  • We see this level as a key inflection point for the S&P 500. In terms of support, the 200WMA sits at 2648 where a closing break below puts 2500 back into focus. Get your S&P500 market update from @JMcQueenFX here:https://t.co/8lpC6QMC7u https://t.co/KowlqUPfHI
  • Forex Update: As of 16:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.87% 🇳🇿NZD: 0.67% 🇬🇧GBP: 0.50% 🇨🇭CHF: -0.22% 🇪🇺EUR: -0.30% 🇨🇦CAD: -0.31% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/6dxOImURfI
  • UK PM Johnson's #coronavirus condition is improving - BBG
  • Indices Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Wall Street: 2.33% US 500: 2.12% France 40: 0.39% Germany 30: 0.16% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/L0fSmyArxx
  • UK reports 938 virus deaths in deadliest day so far $GBPUSD
  • RT @DeItaOne: EVANS: U.S. UNEMPLOYMENT WILL GO 'VERY HIGH,' COULD HIT 20%
  • RT @staunovo: Oil Demand Slumps 70% in #India as Third-Biggest Buyer Shuts Down #oott https://t.co/LuTICEsvUU
  • US 154-Day Bills Draw 0.250% Primary Dealers Awarded: 55.0% Indirect Bidders Accepted:43.4% Direct Bidders Accepted: 1.6% B/C Ratio: 2.60
  • Crude oil is awaiting the OPEC+ decision ahead, but in the meantime, the 20-day ATR and $OVX volatility index are both very high https://t.co/QYwyYKTuze
  • Fed temporarily eases growth limit on Wells Fargo to spur more lending $SPX
EURUSD Rebounds Sharply after 13000 Dip

EURUSD Rebounds Sharply after 13000 Dip

2012-09-19 21:27:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Daily Bars

eliottWaves_eur-usd_body_eurusd.png, EURUSD Rebounds Sharply after 13000 Dip

Prepared by Jamie Saettele, CMT

The EURUSD correction may be complete with Wednesday’s spike below 13000 at the US open. The other possibility is that the bounce from below 13000 composes wave B of an A-B-C correction from the top. In both cases, the larger trend is up. The difference in the latter scenario is that a drop below 12992 would take place before the next bull leg (with 13283 and 13385 in mind towards the end of the month). 12935/65 would be support. Resistance remains 13083-13120. In summary, I am bullish against 12854 with the understanding that bulls may get a better deal later this week.

LEVELS: 12935 12965 12992 13083 13120 13172

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

DISCLOSURES

News & Analysis at your fingertips.