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
Bullish
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
GBP/USD
Bearish
USD/JPY
Bullish
Gold
Bearish
Oil - US Crude
Bullish
Bitcoin
Mixed
More View more
Breaking news

British Pound surges after UK exit poll shows Conservatives expected to win 368 seats out of 650

EUR/USD September 2013 Low at 1.3104, 50% Retracement at 1.3020

EUR/USD September 2013 Low at 1.3104, 50% Retracement at 1.3020

2014-09-02 17:46:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Daily

EUR/USD September 2013 Low at 1.3104, 50% Retracement at 1.3020

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 EURUSD has met the short term triangle objective as well as equal legs down from the May high at 1.3209. Near term momentum is waning so look for a turn higher soon. The character of the advance should offer insight regarding the near term path. Longer term bearish objectives are just above 1.30 (includes the 50% retracement of the advance from the 2012 low at 1.3020).

--Tradingideas 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.