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
Real Time News
  • Reminder that the 21st OPEC and non-OPEC Ministerial Meeting is scheduled for October 4th
  • Vitol says OPEC+ may need to raise oil output more than expected #OOTT
  • Heads Up:💶 ECB Forum on Central Banking due at 08:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-09-28
  • Looking for a new way to trade reversals? One of the most used reversal candle patterns is known as the Harami. Like most candlestick formation patterns, the Harami tells a story about sentiment in the market. Get better with trading reversals here: https://t.co/rfwUWJfbz9 https://t.co/eEZBN4XkZH
  • Forex sentiment analysis can be a useful tool to help traders understand and act on price behavior. Learn how to get the most out of understanding trader sentiment here: https://t.co/rJznrXkcYz https://t.co/IWJpr6mWP0
  • The ISM manufacturing index plays an important role in forex trading, with ISM data influencing currency prices globally. Learn about the importance of the ISM manufacturing index here: https://t.co/Xr3xtoFpZy https://t.co/NIdzQkSA9f
  • 🇫🇷 Consumer Confidence (SEP) Actual: 102 Expected: 100 Previous: 99 https://www.dailyfx.com/economic-calendar#2021-09-28
  • What is your forex trading style? Take the quiz and find out: https://t.co/YY3ePTpzSI https://t.co/stdtgSQU9M
  • Heads Up:🇫🇷 Consumer Confidence (SEP) due at 06:45 GMT (15min) Expected: 100 Previous: 99 https://www.dailyfx.com/economic-calendar#2021-09-28
  • 🇩🇪 GfK Consumer Confidence (OCT) Actual: 0.3 Expected: -1.6 Previous: -1.1 https://www.dailyfx.com/economic-calendar#2021-09-28
EUR/USD Nearing Origin of Diagonal at 1.3294

EUR/USD Nearing Origin of Diagonal at 1.3294

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

EUR/USD Nearing Origin of Diagonal at 1.3294

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-“EURUSD never made it to the well-defined 1.3750 area (50% retracement of the decline from the top as well as the close of the week that ended 5/9 (week of the top)). If 1.3700 is an important top then 1.3640/50 should serve as resistance. EURUSD found high at 1.3650 and is nearing 1 month lows. The rate is at a short term channel and long term trendline support. It’s decision time but the market is pressured below 1.3640.”

-The origin of the diagonal at 1.3294 remains a target as do lower levels on a swing basis. Near term, the specter of 5 waves down from the 7/1 high warns of a rally attempt with resistance at 1.3470.

--Tradingideas are availabletoJ.S. Trade Desk members.

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

DISCLOSURES