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.

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
Gold
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
More View more
EUR/USD Breakout; Former Resistance is Support at 1.3813

EUR/USD Breakout; Former Resistance is Support at 1.3813

Jamie Saettele, CMT, Sr. Technical Strategist

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