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
Oil - US Crude
Mixed
Wall Street
Bullish
Gold
Mixed
GBP/USD
Bullish
USD/JPY
Bullish
More View more
Real Time News
  • $EURUSD Daily Pivot Points: S3: 1.1078 S2: 1.1152 S1: 1.1193 R1: 1.1267 R2: 1.13 R3: 1.1374 https://www.dailyfx.com/pivot-points?ref=SubNav?utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • Has the #Euro been saved? Find out from @CVecchioFX here: https://t.co/eiXfOTyGa6 https://t.co/MCdNLAjJpu
  • Has the ECB been saved? Find out from @CVecchioFX here: https://t.co/eiXfOTyGa6 https://t.co/Znozwxgcak
  • Texas COVID-19 cases increase at 2.4%, same as prior 7-day average - BBG
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.91% 🇳🇿NZD: 0.64% 🇨🇭CHF: 0.59% 🇬🇧GBP: 0.17% 🇨🇦CAD: -0.02% 🇯🇵JPY: -0.23% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/j3MpbrNtG4
  • RT @SecPompeo: I applaud @Nasdaq’s actions to require all listed firms comply with the same auditing and inspection rules, especially as re…
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Gold: 0.88% Silver: 0.43% Oil - US Crude: -0.31% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/s7unTde0G5
  • The #FTSE 100 surged to its highest level since early June on Wednesday after the equity index pierced a longstanding technical barrier around 6,200. Get your #FTSE market update from @PeterHanksFX here:https://t.co/uFaYFaPGz2 https://t.co/mNnlGDksJn
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.30%, while traders in US 500 are at opposite extremes with 76.93%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/kZcqWecOdG
  • The $EURUSD's climb continues at an exceptional pace. It is on course for the biggest three-week rally since May 2015 (the bottoming after the 2014 collapse) https://t.co/AbDLQ07D95
EUR/USD Low Possibly in Place; Above 1.2890 Would Increase Confidence

EUR/USD Low Possibly in Place; Above 1.2890 Would Increase Confidence

2013-04-01 20:08:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

240 MinuteBars

eliottWaves_eur-usd_body_eurusd.png, EUR/USD Low Possibly in Place; Above 1.2890 Would Increase Confidence

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Are you new to FX or curious about your trading IQ?

FOREXAnalysis: Did the ‘initial resistance line’ nail the low? It’s too early to tell but recent action is a good start. To review, the decline from above 1.3700 is probably an impulse (5 waves) and wave 5 of the impulse is an expanding ending diagonal. In the event of another low, the November low at 1.2660 and 61.8% retracement of the rally from the July 2012 low at 1.2679 are support. It’s worth noting that next week is heavy with event risk.

FOREX Trading Strategy: Getting close – “In order to turn bullish, need to see price fall into 1.2660/80 and reverse or exceed 1.2890 from current levels.” I spoke at length about what to look for in Monday’s webinar.

LEVELS: 1.2660 1.2710 1.28201.2890 1.30471.3106

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

DISCLOSURES

News & Analysis at your fingertips.