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. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
Breaking news

Bank of Japan keeps policy unchanged, upgrades FY22 and FY23 inflation outlook to 1.1%

EUR/USD 1.3500 Break Needed to Begin Process of Short Setup

EUR/USD 1.3500 Break Needed to Begin Process of Short Setup

Jamie Saettele, CMT, Sr. Technical Strategist


eliottWaves_eur-usd_body_Picture_10.png, EUR/USD 1.3500 Break Needed to Begin Process of Short Setup

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-EURUSD begins Dec with a dip but a drop below 1.3489 (previously 1.3400) would begin to suggest that the trend is not higher (meaning it could be sideways or lower).

-It’s worth noting that the rally from 1.3296 would consist of 2 equal waves at 1.3682.

Trading Strategy: This market may be re-establishing its larger uptrend. At worst, the trend is sideways towards 1.3650 and maybe closer to 1.3800 at this point. Only a move below 1.3489 would suggest that we consider the short side.

LEVELS: 1.3399 1.34631.3513 | 1.3560 1.3589 1.3621

Subscribe to Jamie Saettele's distribution list in order to receive actionable FX trading strategy delivered to your inbox. Jamie is the author of Sentiment in the Forex Market.

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