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
EURUSD Dips and Rebounds from 50% Retracement

EURUSD Dips and Rebounds from 50% Retracement

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_eur-usd_body_eurusd.png, EURUSD Dips and Rebounds from 50% Retracement

Prepared by Jamie Saettele, CMT

The EURUSD has retraced half of the advance from 12803 and any additional weakness would expose support at the 61.8% level of 12905. The EURUSD has entered a long term high risk zone for bulls but the near term trend is constructive as long as price is above 12802. The momentum profile remains bullish as per the RSI reversal signal on 10/1. If the rally materializes, then I’ll be on the lookout for signs of exhaustion above 13170, specifically in the 13283-13385 zone.

LEVELS: 12802 12887 12937 13024 13070 13115

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