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
More View more
EUR/USD 1.3750 is a Reaction Level

EUR/USD 1.3750 is a Reaction Level

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

EUR/USD 1.3750 is a Reaction Level

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-The rally above 1.3676 opens up the well-defined 1.3750 level. 1.3748 is the 50% retracement of the decline from the top as well as the close of the week that ended 5/9 (week of the top). Other levels to note as resistance are 1.3805 (61.8%) and 1.3840 (5/8 close…day of the top).

-Longer term implications from the ending diagonal that broke in May are bearish towards at least 1.3294 but below 1.3609 is needed to break the near term uptrend.

LEVELS: 1.3609 1.36401.3668 | 1.3723 1.3758 1.3805

--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