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
Mixed
Oil - US Crude
Mixed
Wall Street
Mixed
Gold
Bullish
GBP/USD
Mixed
USD/JPY
Bullish
More View more
Real Time News
  • Less than 10 minutes to the May US jobs report Most recently updated consensus forecasts point to another 8M jobs lost, bringing the unemployment rate (U3) to 19.7%, per Bloomberg $DXY is hovering around 96.70. A close below 96.76 today would mark nine consecutive losing days
  • Heads Up:🇺🇸 Average Hourly Earnings YoY due at 12:30 GMT (15min) Expected: 8.5% Previous: 7.9% https://www.dailyfx.com/economic-calendar#2020-06-05
  • Heads Up:🇺🇸 Average Weekly Hours due at 12:30 GMT (15min) Expected: 34.3 Previous: 34.2 https://www.dailyfx.com/economic-calendar#2020-06-05
  • Heads Up:🇺🇸 Nonfarm Payrolls Private due at 12:30 GMT (15min) Expected: -7500K Previous: -19557K https://www.dailyfx.com/economic-calendar#2020-06-05
  • Forex Update: As of 12:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.78% 🇬🇧GBP: 0.56% 🇦🇺AUD: 0.56% 🇪🇺EUR: -0.07% 🇯🇵JPY: -0.09% 🇨🇭CHF: -0.36% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/M3zSjfYXLn
  • Heads Up:🇺🇸 Participation Rate due at 12:30 GMT (15min) Previous: 60.2% https://www.dailyfx.com/economic-calendar#2020-06-05
  • Heads Up:🇺🇸 Average Hourly Earnings MoM due at 12:30 GMT (15min) Expected: 1% Previous: 4.7% https://www.dailyfx.com/economic-calendar#2020-06-05
  • Heads Up:🇺🇸 Non Farm Payrolls due at 12:30 GMT (15min) Expected: -8000K Previous: -20537K https://www.dailyfx.com/economic-calendar#2020-06-05
  • Heads Up:🇺🇸 Unemployment Rate due at 12:30 GMT (15min) Expected: 19.8% Previous: 14.7% https://www.dailyfx.com/economic-calendar#2020-06-05
  • Heads Up:🇨🇦 Average Hourly Wages YoY due at 12:30 GMT (15min) Previous: 10.5% https://www.dailyfx.com/economic-calendar#2020-06-05
EUR/USD

EUR/USD

2013-08-28 23:37:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

EUR/USD Probes 20 Day Average; Diagonal Still Possible

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: The EURUSD traded to 1.3304 on Wednesday, turning higher a few pips before the month open of 1.3301. Signs of a top include recent divergence with the CHF (USDCHF held above the June low while the EURUSD exceeded its June high) and waning momentum (RSI divergence) at price peaks. I’ll point out the risk of a final high in order to complete a diagonal from 1.3187 however (August low).

FOREX Trading Strategy: Evidence points to topping but not enough for me to be short…yet.

LEVELS: 1.3187 1.3250 1.3297 1.3355 1.3417 1.3451

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

DISCLOSURES

News & Analysis at your fingertips.