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
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
GBP/USD
Bearish
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
Gold
Mixed
Oil - US Crude
Bullish
Bitcoin
Bearish
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.94%, while traders in France 40 are at opposite extremes with 78.74%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/q26NrU58ec
  • IMF Director Kristalina Georgieva: "Uncertainty is becoming the new normal". Looking at the Global Economic Policy Uncertainty Index certainly seems to suggest that. Not entirely by coincidence, the global aggregate of negative-yielding debt is also swelling again. https://t.co/EPSnwSssnE
  • Commodities Update: NYM WTI Crude 53.78 (+0.92%), ICE Brent Crude 59.32 (+0.34%), NYM NYH Gasoline 166.80 (+0.28%). [delayed]
  • Precious Metals Update: #Gold 1,620.00 (+0.52%), #Aluminum 1,720.00 (+0.00%), and #Copper 5,770.00 (-0.05%) [delayed]
  • $USDJPY ripped hard yesterday, gaining 1.35% and notching the largest one-day move since August. The question is, is it sustainable? Find out from @PaulRobinsonFX here: https://t.co/SBTszgiRVv https://t.co/gBUr3yBPjO
  • 🤷‍♂️😅 https://t.co/LuxFs9qYpy https://t.co/WNTzcueK1H
  • $USDMXN strengthening to test monthly high https://t.co/B6LLJuyPdr
  • US Dollar Price Action Setups: EUR/USD, USD/CAD, USD/JPY https://www.dailyfx.com/forex/market_alert/2020/02/20/US-Dollar-Price-Action-Setups-EURUSD-USDCAD-USDJPY-JS.html https://t.co/bssO53vHWy
  • A breakout in #gold prices is underway with the rally now targeting the first resistance hurdle at channel resistance. Get your $XAUUSD technical analysis from @MBForex here: https://t.co/Q3gWCTX4Gv https://t.co/qm6NZR4Pv9
  • $AUDUSD pushes deeper towards 2009 lows https://t.co/oNNCobmRxW
EUR/USD Snaps Back after Trading Just Shy of 1.3600

EUR/USD Snaps Back after Trading Just Shy of 1.3600

2013-10-01 22:32:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Daily

eliottWaves_eur-usd_1_body_eurusd.png, EUR/USD Snaps Back after Trading Just Shy of 1.3600

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader

-EURUSD traded above its narrow range before closing near the day’s low. It’s possible that the rally and reversal completes a terminal thrust from a triangle.

-In the event of a move higher, watch for resistance from 1.3640 (2/1 close) and 1.3674 (measured move).

-COT indicates that sentiment may be extreme among bulls.

Trading Strategy: Need to see impulsive weakness before I can short. Until then, it’s like holding a beach ball under water.

LEVELS: 1.3385 1.34301.3461 | 1.3563 1.3600 1.3640

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

DISCLOSURES

News & Analysis at your fingertips.