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
Mixed
Oil - US Crude
Bullish
Wall Street
Mixed
Gold
Bullish
GBP/USD
Mixed
USD/JPY
Bearish
More View more
Real Time News
  • Heads Up:🇯🇵 Foreign Bond Investment (16/JAN) due at 23:50 GMT (15min) Previous: ¥730.7B https://www.dailyfx.com/economic-calendar#2021-01-20
  • Heads Up:🇯🇵 Balance of Trade (DEC) due at 23:50 GMT (15min) Expected: ¥942.8B Previous: ¥366.8B https://www.dailyfx.com/economic-calendar#2021-01-20
  • The formation of several bullish technical patterns suggests that the haven-associated Japanese Yen is at risk of further losses against the Euro and Australian Dollar. Get your $AUD market update from @DanielGMoss here:https://t.co/qxQwHgD9Ey https://t.co/EAZpY1t0N5
  • The US Dollar has proved buoyant thus far in 2021. Will it continue now that administrations have changed? Depends on fiscal stimulus. Get your market update from @CVecchioFX here: https://t.co/pgg4yTlcMt https://t.co/L3EbveLRHX
  • President Biden acting quickly. Has already signed a run of executive orders, one of which is brining the United States back into the Paris Agreement. I think a number of industries expected this, including the auto-manufacturers
  • President Biden signs new executive orders revoking the Keystone XL Oil Pipeline permit, US will rejoin Paris Climate Agreement - BBG
  • We had the BOC and Brazilian Central Bank rate decisions today. Coming up over the next 24 hours, we have the BOJ, Norges, South African Reserve Bank, Turkish Central Bank and ECB rate decisions. On balance, unlikely a serious dictate for global risk trends https://t.co/Bop4gmgprL
  • Asian futures point higher as US equities close at record highs - BBG
  • 🇧🇷 Interest Rate Decision Actual: 2% Expected: 2% Previous: 2% https://www.dailyfx.com/economic-calendar#2021-01-20
  • Forex Update: As of 21:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.80% 🇳🇿NZD: 0.73% 🇦🇺AUD: 0.66% 🇬🇧GBP: 0.20% 🇨🇭CHF: -0.12% 🇪🇺EUR: -0.19% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/89DtqVlU6P
EUR/USD

EUR/USD

Jamie Saettele, CMT, Sr. Technical Strategist

EUR/USD Holds 20 Day Average; Near Term Uncertain

Daily

eliottWaves_eur-usd_1_body_eurusd.png, EUR/USD

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Interested in automated trading with Mirror Trader?

FOREX Analysis: 5 waves down from the top suggest that a EURUSD top is in place but another day (at least) of chop may need to take place before a sharper decline. I’m not ruling out a new high either as I’ve seen plenty intraday impulsive declines that have failed to trigger more important reversals. Yesterday’s comments remain valid – “The EURUSD formed an inside day today at the 2nd deviation Bollinger Band ® (recent instances are circled). This is a reversal warning. The next levels of upside interest are the 78.6% retracement of the decline from the February high (which is the high for the year) / 2/13 high at 1.3504/19.”

FOREX Trading Strategy: The weakness below 1.3310 could be a start of something more bearish. I’ll need more evidence of a turn before committing capital though.

LEVELS: 1.3205 1.3250 1.3310 1.3380 1.3417 1.3500

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

DISCLOSURES