Skip to Content
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.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View More
EUR/USD Short Term Range Develops on Long Term Slope Line

EUR/USD Short Term Range Develops on Long Term Slope Line

Jamie Saettele, CMT, Sr. Technical Strategist


Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-“There is a long term level to be aware of. The line that extends off of the 2008 and 2010 lows is at about 1.0545 this week. The March 2003 low is at 1.0499.” EURUSD printed a low at 1.0462 and reversed (key reversal) on large volume. The submarine nature of the decline combined with the significant volume reading and technical level indicate the potential for exhaustion and a reversal. Action since 3/12 may compose a triangle. The implication is that EURUSD thrusts to a new low and then reverses.

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