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
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
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
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
Bearish
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • RT @MKTWeconomics: Another 6 million workers likely filed jobless claims in early April as record layoffs mount https://t.co/q6E9sLKRlY htt…
  • RT @ReutersBiz: Fed's Barkin: coronavirus blow to U.S. economy will be deep https://t.co/5mWzwpkXrR https://t.co/y9kN6nnODo
  • RT @business: The Fed will launch a lending program this week for mid-sized businesses hurt by the coronavirus, Treasury Secretary Steven M…
  • Gold Price Outlook: XAUUSD Prices Coil Ahead of the Next Big Break https://www.dailyfx.com/forex/technical/home/analysis/xau-usd/2020/04/08/Gold-Price-Outlook-XAU-USD-JS-Prices-Coil-Ahead-of-Next-Big-Break-Gold-to-US-Dollar-Price.html https://t.co/0wbwyv84Cb
  • An update on the $SPX with the Fed's balance sheet overlaid: https://t.co/tKyBoTjQTQ
  • Secretary Mnuchin: - Some direct stimulus payments will be sent out by the end of next week $DXY
  • RT @KansasCityFed: Just Released: The #KCFed Labor Market Conditions Indicators suggest the level of activity declined sharply & momentum d…
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.24% Gold: 0.09% Silver: -0.41% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/vae6FkD68k
  • RT @jeannasmialek: Really interesting lines in today's Fed minutes: Officials saw a "major downside risk that the spread of the virus mig…
  • The #Dow Jones opened yesterday right at the gap-fill we have been discussing as an initial target off the lows. Get your #equities market update from @PaulRobinsonFX here: https://t.co/2kSRjUzRML https://t.co/EauHT9Nydx
EUR/USD

EUR/USD

2013-09-23 21:03:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

EUR/USD Slips; Watch 1.3450 for Support

Daily

eliottWaves_eur-usd_1_body_eurusd.png, EUR/USD

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader

-EURUSD is nearing possible support from 1.3450. 1.3450 is the close 15 minutes after last Wednesday’s Fed announcement as well as the August high. Watch the 10 day average for support as well. Weakness below 1.3372 (pre-Fed level) would be a bearish development.

-Watch the channel for resistance as well as 1.3640 (2/1 close).

Trading Strategy: 1.3450 may offer support for an extended advance into month end but I’ll need to see what the market looks like if indeed a drop to that level unfolds.

LEVELS: 1.3337 1.33851.3450 | 1.3570 1.3600 1.3638

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

DISCLOSURES

News & Analysis at your fingertips.