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.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
EUR/USD
Mixed
Oil - US Crude
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
Wall Street
Mixed
Gold
Mixed
GBP/USD
Bullish
USD/JPY
Bullish
More View more
Real Time News
  • Heads Up:🇺🇸 Fed Bostic Speech due at 13:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-07-07
  • Heads Up:🇷🇺 Foreign Exchange Reserves (JUN) due at 13:00 GMT (15min) Previous: $566.1B https://www.dailyfx.com/economic-calendar#2020-07-07
  • There are many different types of forex orders, which traders use to manage their trades. While these may vary between different brokers, there tends to be several basic FX order types all brokers accept. Learn about different FX order types here: https://t.co/lIJdiz4xSz https://t.co/Aj51jJraPw
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.37%, while traders in NZD/USD are at opposite extremes with 72.78%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/l8kBNxbrIK
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.37%, while traders in NZD/USD are at opposite extremes with 73.40%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/104D8ytLwb
  • BNP Paribas sees Brent crude oil averaging $44/bbl in 2020 and $59/bbl in 2021
  • Japanese candlesticks are a popular charting technique used by many traders, and the shooting star candle is no exception. Learn about the shooting star candlestick and how to trade it here: https://t.co/OjTZOQEytM https://t.co/1TOiApxfjp
  • Commodities Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Gold: -0.44% Oil - US Crude: -1.23% Silver: -1.39% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/mBBDXIGnyn
  • US is considering curbing special exemptions for Chinese firms, according to Politico
  • Forex Update: As of 10:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: -0.06% 🇨🇭CHF: -0.22% 🇨🇦CAD: -0.23% 🇯🇵JPY: -0.29% 🇳🇿NZD: -0.39% 🇦🇺AUD: -0.58% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/rst0kqdDrJ
FOREX Technical Analysis: EUR/USD Wild Ride Ends Day Unchanged

FOREX Technical Analysis: EUR/USD Wild Ride Ends Day Unchanged

2012-11-29 01:28:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

DailyBars

FOREX_Technical_Analysis_EURUSD_Wild_Ride_Ends_Day_Unchanged_body_eurusd.png, FOREX Technical Analysis: EUR/USD Wild Ride Ends Day Unchanged

Chart Prepared by Jamie Saettele, CMT

FOREXAnalysis: Continue to look lower, despite the reversal ahead of 12875. In fact, action from Tuesday’s top may compose waves A and B or 1 and 2 of the next bear leg. “The EURUSD has entered the bottom of a resistance zone that extends to about 13070. Near term pattern suggests slightly higher prices in stair step fashion (4th and 5th waves) before exhaustion. The topping process that began in May 2011 and February 2012 is similar to the current process that began in September. The outside day and 3rd consecutive failure to close above the 61.8% retracement of the decline from the top is enough evidence to turn bearish now rather than wait for 13020/70.”

FOREX Trading Strategy: I am bearish now against 13008.

LEVELS: 12792 12833 12880 12968 13008 13020

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

DISCLOSURES

News & Analysis at your fingertips.