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.

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
Subscribe
Please try again
EUR/USD
Bullish
Oil - US Crude
Bearish
Wall Street
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
Gold
Bullish
GBP/USD
Bullish
USD/JPY
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
More View more
Real Time News
  • Seems there is some surprise on reports (from NYT) that President-Elect Biden will not reverse the Phase One trade deal and tariffs on China. The international mood towards China is particularly cool. Now, relations with Canada and Mexico or the EU over Airbus is another matter
  • The bull flag pattern is a great pattern to add to a forex trader's technical arsenal. Explosive moves are often associated with the bull flag. Learn more about the bull flag pattern here: https://t.co/yOEvLjKnct https://t.co/EyHrHRYZfA
  • IGCS hints that #gold may reverse higher as the #SP500 aims for new highs. Things are looking a little bit more choppy for the growth-linked Australian Dollar. Check out my full report with webinar recording here - https://www.dailyfx.com/forex/technical/article/special_report/2020/12/02/Gold-Price-SP-500-AUDUSD-Forecast-How-Might-Retail-Traders-Behave-Next.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/8ueRCILgdY
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 93.48%, while traders in EUR/USD are at opposite extremes with 76.40%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/cVNpB5eeUn
  • President-Elect Joe Biden: Says won't immediately remove China phase-one tariffs, want to conduct full review of existing deal -BBG citing NYT
  • Forex Update: As of 05:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.06% 🇨🇭CHF: 0.04% 🇪🇺EUR: 0.02% 🇬🇧GBP: -0.04% 🇨🇦CAD: -0.07% 🇯🇵JPY: -0.09% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/R2Yhd6rNKp
  • Indices Update: As of 05:00, these are your best and worst performers based on the London trading schedule: US 500: -0.26% France 40: -0.37% Germany 30: -0.41% Wall Street: -0.42% FTSE 100: -0.46% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/hQtLQEWzDp
  • 🇯🇵 Consumer Confidence (NOV) Actual: 33.7 Previous: 33.6 https://www.dailyfx.com/economic-calendar#2020-12-02
  • What are some key news and factors affecting the #crudeoil market? Get your free forecast for this quarter here:https://t.co/WM6X6ENFM2 https://t.co/binmbAIkei
  • Heads Up:🇯🇵 Consumer Confidence (NOV) due at 05:00 GMT (15min) Previous: 33.6 https://www.dailyfx.com/economic-calendar#2020-12-02
EUR/USD Holding Up-Outside Day on Big Level

EUR/USD Holding Up-Outside Day on Big Level

2013-05-14 21:03:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Daily Bars

eliottWaves_eur-usd_body_eurusd.png, EUR/USD Holding Up-Outside Day on Big Level

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

FOREXAnalysis: No change: “The decline from 1.3242 is in 5 waves which suggests that the break will be lower. The momentum associated with Thursday’s decline is consistent with the beginning of something more sinister on the downside but plenty of options remain from a pattern standpoint as long as price is within the range.” Price is still contending with an internal trendline (former diagonal resistance line) and 1.2934, the 61.8% retracement AND the close of the 4/4 reversal day, but support is expected to prove ephemeral. A break would open up 1.2876 and 1.2800. Bigger picture, a head and shoulders top would be confirmed on a drop below 1.2743.

FOREX Trading Strategy: 2 days of sideways trading has succeeded Thursday’s and Friday’s decline. I’ll either sell weakness below 1.2934 (needs to be during active hours) with a 1.3035 stop or sell strength above 1.3028 with a 1.3200 stop.Breakout trading is warranted.

LEVELS: 1.2800 1.2877 1.2934 1.2994 1.30281.3083

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

DISCLOSURES