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
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
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
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
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
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
Bitcoin
Bearish
More View more
Real Time News
  • Commodities Update: As of 03:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.20% Gold: 0.12% Silver: -0.03% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/UhYkuxVmOx
  • Discover your #tradingstyle with Senior Strategist, @CVecchioFX and get your questions on your current trading styles answered tomorrow, 20th November at 9:00AM EST. Only on DailyFX Facebook and Twitter live! https://t.co/DG3m3Cdq7q
  • Japan's Economy Minister Yasutoshi Nishimura: US still has an incentive to join the #TPP -BBG
  • Forex Update: As of 03:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.02% 🇨🇭CHF: 0.01% 🇪🇺EUR: -0.04% 🇬🇧GBP: -0.11% 🇦🇺AUD: -0.11% 🇳🇿NZD: -0.17% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/Z89kFS3mcI
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.94%, while traders in US 500 are at opposite extremes with 80.52%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/NfWnkIUBjX
  • My understanding is that the House and Senate Hong Kong bills passed differ slightly and thus need to be reconciled before sending to POTUS https://t.co/m8mFaVkIFm
  • RT @globaltimesnews: China's central bank trimmed the one-year loan prime rate (LPR) to 4.15% on Wednesday from previous 4.2%. https://t.co…
  • How can you trade #forex after a major release? Find out: https://t.co/sdxcXb8q60 #tradingstyle https://t.co/NPZrvN0kka
  • RT @SpeakerPelosi: The U.S. Senate has now joined the House of Representatives in passing the Hong Kong Human Rights and Democracy Act. The…
  • If you're looking for the most incredible restraint among the Yen crosses, $NZDJPY's 1.7% range over the past 23 days is the lowest I have on my records https://t.co/gXZ8dFlYy2
FOREX Technical Analysis: EUR/USD Reverses after Penetrating 12800

FOREX Technical Analysis: EUR/USD Reverses after Penetrating 12800

2012-11-20 00:49:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

DailyBars

FOREX_Technical_Analysis_EURUSD_Reverses_after_Penetrating_12800_body_eurusd.png, FOREX Technical Analysis: EUR/USD Reverses after Penetrating 12800

Chart Prepared by Jamie Saettele, CMT

FOREXAnalysis: Monthly opening range implications are bearish EUR/USD with the high occurring on day 1 of the month. The Monday advance traded into former support from the 10/1 and 10/11 lows before reversing sharply on news of the French downgrade.

FOREX Trading Strategy: “The larger trend is down against 12981 and those looking to sell rallies should have the opportunity to do so in the next several days. The first area to expect resistance is 12824/35.” The EURUSD traded to 12819 Monday in what may be the top. Weakness below 12739 would confirm as much although 12700 is still potential support. Medium term focus remains on Fibonacci levels at 12606 and sub 12500.

LEVELS: 12682 12717 12752 12824 12856 12882

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

DISCLOSURES

News & Analysis at your fingertips.