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
Bullish
Wall Street
Mixed
Gold
Mixed
GBP/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
USD/JPY
Bearish
More View more
Real Time News
  • Heads Up:🇳🇿 NZD N.Z. Government 8-Month Financial Statements due at 21:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-03-30
  • $USDJPY daily pivot points: S3: 105.64 S2: 106.95 S1: 107.46 P: 108.27 R1: 108.77 R2: 109.58 R3: 110.89
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.42% Gold: -0.34% Silver: -2.90% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/JURRvfA9M7
  • The Mexican Peso could come under further selling pressure and push $USDMXN back above the 25.000 handle. Get your USD/MXN market update from @RichDvorakFX here: https://t.co/nuG3l0YpUW https://t.co/RG5xnr118p
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 95.82%, while traders in US 500 are at opposite extremes with 71.97%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/VDiXoqXTgf
  • RT @HayekAndKeynes: $198bn of buybacks (equivalent to 27% of ’19 spend) have already been suspended
  • Retail CFD traders at IG are building up their short positions to the highest level I have on my records (stretching only back a year). Nearly a 7 fold increase of the short interest at the start of the year https://t.co/SAmUD2ymIz
  • US Equity Close: $SPX +3.30% $DJI +3.07% $NDX +3.62% $RUT +1.10% $VIX -8.93
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.91% France 40: 0.53% US 500: -0.12% Wall Street: -0.13% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/uRmj2JayN8
  • S&P 500 Continues Recovery, NFP Looms Large for US Data https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2020/03/30/ES-SPY-SPX-SP500-Continues-Recovery-NFP-Looms-Large-JS.html https://t.co/SZLy1nqPaz
EUR/USD Breakout; Former Resistance is Support at 1.3813

EUR/USD Breakout; Former Resistance is Support at 1.3813

2014-03-06 21:47:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Daily

eliottWaves_eur-usd_body_Picture_10.png, EUR/USD Breakout; Former Resistance is Support at 1.3813

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-The EURUSD has broken out of the 5 month triangle (using daily closing prices). Today’s low is the new pivot. As long as price is above that low (1.3720), focus is on the triangle target of 1.4368. The October 2011 high at 1.4247 is a possible reaction level.

-Former resistance is now estimated support at 1.3813.

LEVELS: 1.3748 1.37811.3813 | 1.3893 1.4000 1.4160

--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.

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

DISCLOSURES

News & Analysis at your fingertips.