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
Oil - US Crude
Bearish
Wall Street
Mixed
Gold
Bearish
GBP/USD
Bullish
USD/JPY
Bearish
More View more
Real Time News
  • The $USD is falling against #ASEAN currencies such as the Singapore Dollar and Indonesian Rupiah as stock markets rise. Watch out for US-China escalation and Brexit talks. Get your market update from @ddubrovskyFX here:https://t.co/PziC8KZaIC https://t.co/cQWfmGnb4H
  • (Commodities Briefing) #Gold prices sank as #ADP estimated a smaller contraction in jobs ahead of #NFPs. #CrudeOil prices may fall with the OPEC+ meeting in doubt as #WTI left behind a Doji candlestick #OPEC - https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2020/06/04/Gold-Prices-Sink-Crude-Oil-Risks-Falling-with-OPEC-Meeting-in-Doubt.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/fjAnPB3Rc1
  • Seasonal factors, oversupply issues and the outbreak of COVID-19 has seen the price of liquefied #naturalgas (LNG) fall to 22-year lows (1.519), with the situation exacerbated by ‘fuller-than-normal’ storage facilities. Get your market update here:https://t.co/VOqfkBQ4aR https://t.co/fvyX0wfWcg
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Gold: 0.34% Silver: -0.33% Oil - US Crude: -1.80% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/VFJfH2lsYE
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: -0.00% 🇨🇭CHF: -0.05% 🇳🇿NZD: -0.07% 🇨🇦CAD: -0.12% 🇬🇧GBP: -0.25% 🇦🇺AUD: -0.27% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/9wAQM4BGpE
  • RT @wef: How a post-COVID-19 revival could kickstart Africa’s free trade area https://t.co/Yxig7DEmeH #TheGreatReset #wef21 https://t.co/xf…
  • Dollar Outlook vs Mexican Peso, South African Rand, South Korean Won https://www.dailyfx.com/forex/market_alert/2020/06/04/Dollar-Outlook-vs-Mexican-Peso-South-African-Rand-South-Korean-Won.html
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.41%, while traders in US 500 are at opposite extremes with 77.59%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/hQPzD9IE6l
  • My #WallStreet index could be at its next key juncture as it faces peaks from March. If resistance holds here, it may catalyze a selloff towards rising support. Otherwise clearing those peaks may extend the uptrend #SP500 #DowJones #NASDAQ https://t.co/Y6ua9mwFff
  • 🇦🇺 Balance of Trade Actual: A$8.8B Expected: A$7.5B Previous: A$10.44B https://www.dailyfx.com/economic-calendar#2020-06-04
EUR/USD Moment of Truth as Important Support Being Tested

EUR/USD Moment of Truth as Important Support Being Tested

2013-02-21 00:01:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

DailyBars

eliottWaves_eur-usd_body_eurusd.png, EUR/USD Moment of Truth as Important Support Being Tested

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

FOREXAnalysis: “13160-13200 remains estimated support. The zone is defined by the 2013 open (which ranges from 13180 to 13200 depending on what time is used for the open), the 50% retracement of the rally from the November low (13188) and where the decline from the 2/1 high would consist of 2 equal legs (13161). Several trendline are also of interest near 13200 the remainder of the week.” 13160 and the channel confluence was reached today. If that larger trend is up, then price should turn up from here.

FOREX Trading Strategy: Long against 12995. Move stop to intervening low (currently 13160) on a print above 13289.

LEVELS: 12997 13038 1313913231 1328913353

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

DISCLOSURES

News & Analysis at your fingertips.