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. See our updated Privacy Policy here.

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
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
Wall Street
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
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
More View more
Real Time News
  • Slippage can be a common occurrence in forex trading but is often misunderstood. Understanding how forex slippage occurs can enable a trader to minimize negative slippage, while potentially maximizing positive slippage. Learn about FX slippage here: https://t.co/Blrl0uF2Ct https://t.co/I5Xqrl4iaX
  • RT @ZabelinDimitri: My latest piece on how the ongoing Colombian protests, surging commodity prices, and #USD dynamics will affect #USDCOP…
  • Singapore's Straits Times Index plunged over 2% after the government tightened Covid-related restrictions. https://t.co/pSBPfZPTPP
  • Do you know how to properly Identify a double top formation? Double tops can enhance technical analysis when trading both forex or stocks, making the pattern highly versatile in nature. Learn more about the double top formation here: https://t.co/t9Flsqcxo9 https://t.co/xyCBWO9Kqm
  • Heads Up:🇫🇷 Unemployment Rate (Q1) due at 05:30 GMT (15min) Previous: 8% https://www.dailyfx.com/economic-calendar#2021-05-14
  • (Commodities Briefing) Gold Price Forecast: Will XAU/USD Shrug off a Higher US Retail Sales Outcome? #Gold #XAUUSD https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2021/05/14/Gold-Price-Forecast-Will-XAUUSD-Shrug-off-a-Higher-US-Retail-Sales-Outcome.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/v4b3T9PWcG
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 91.08%, while traders in France 40 are at opposite extremes with 70.81%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/15tLCxUZn4
  • Trading Forex is not a shortcut to instant wealth, excessive leverage can magnify losses, and sentiment is a powerful indicator. Learn about these principles in depth here: https://t.co/lZFM8youtX https://t.co/jF2isjXGba
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.07% 🇨🇭CHF: 0.05% 🇦🇺AUD: -0.00% 🇨🇦CAD: -0.06% 🇳🇿NZD: -0.07% 🇯🇵JPY: -0.07% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/B0rRcDvXfo
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: France 40: 0.73% Germany 30: 0.71% FTSE 100: 0.67% US 500: 0.48% Wall Street: 0.40% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/6Ds7o5Hf8V
EUR/USD Bounces, Resistance at Former Low, 50% Fib at $1.3070/80

EUR/USD Bounces, Resistance at Former Low, 50% Fib at $1.3070/80

Christopher Vecchio, CFA, Senior Strategist
EURUSD_Bounces_Resistance_at_Former_Low_50_Fib_at_1.307080_body_Picture_6.png, EUR/USD Bounces, Resistance at Former Low, 50% Fib at $1.3070/80

Chart prepared by Christopher Vecchio using Marketscope 2.0

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

FOREX Analysis: On Wednesday I said “I’d look into 1.3070/80 (38.2% Fib July 2012 low to February 2013 high [blue line], 50% Fib April low to June high [red line]) for resistance for the next short opportunity.” Price has approached this level today, bouncing off of the daily RSI uptrend as expected, presenting the shorting opportunity on a rally we’ve been eying.

FOREX Trading Strategy: The US Dollar has rallied a long ways since last Wednesday’s Fed meeting so it would be shortsighted to ignore the potential for a pullback – even if for a day or two. However, a test of the 1.3070/80 region and ensuing failure would warrant a look from the short side once more, with risk contained to the June 25 high at 1.3150.

--- Written by Christopher Vecchio, Currency Analyst

To contact Christopher Vecchio, e-mail cvecchio@dailyfx.com

Follow him on Twitter at @CVecchioFX

To be added to Christopher’s e-mail distribution list, please fill out this form

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

DISCLOSURES