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
Bullish
Oil - US Crude
Bullish
Wall Street
Bearish
Gold
Mixed
GBP/USD
Bearish
USD/JPY
Bearish
More View more
Notice

BoE Chief Econimist (Hawk) is to Step Down From BoE After June Meeting

Real Time News
  • NY Fed Treasury purchase schedule remains unchanged - BBG
  • Silver posting a strong session, now up 2.3% on the day. In recent trade, silver has struggled to break above the 50-day EMA $XAG $USD https://t.co/BetnXeKLj3
  • Bitcoin sets another record high. BTC/USD gains traction in anticipation of Coinbase IPO. Get your $btc market update from @Tams707 here:https://t.co/twYdOVA0hW https://t.co/EXlj1yWjyL
  • Heads Up:🇺🇸 Fed Bostic Speech due at 19:15 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-04-13
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Silver: 2.28% Gold: 0.78% Oil - US Crude: 0.14% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/YIgPqIQiO8
  • Mitch McConnell: There is no GOP support for repealing the tax bill $USD
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.36%, while traders in France 40 are at opposite extremes with 75.62%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/XaeYYJbglR
  • The US Dollar (via the DXY Index) continues to trade lower after losing the uptrend from the February and March swing lows. Get your $USD market update from @CVecchioFX here:https://t.co/bvAaeNSVO3 https://t.co/tfKhSt85iN
  • Fed: - Directors of the Federal Reserve saw inflation increasing to 2% or even above
  • Fed: - Directors saw economic recovery gaining momentum - Directors are upbeat about the future, but there is still a lot of doubt - No change in the discount rate was requested by directors of all 12 districts
EUR/USD Inching into the Sweet Spot for a Drop

EUR/USD Inching into the Sweet Spot for a Drop

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

eliottWaves_eur-usd_body_Picture_10.png, EUR/USD Inching into the Sweet Spot for a Drop

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

-EURUSD continues to test the underside of recently broken trendline support. After 9 days of choppy upside, many are probably giving up on the downside…so it’s probably about time for the next leg lower.

-The 11/6 high at 1.3547 and 10/31 low at 1.3575 may provide resistance.

-Keep in mind the first day of the month is the high for the month so far at 1.3588.

Trading Strategy: On the lookout for a short opportunity above 1.3550. I’ll monitor things live via Twitter @JamieSaettele. I’m also tracking a USDNOK trade.

LEVELS: 1.3363 1.34191.3485 | 1.3547 1.3575 1.3630

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

DISCLOSURES