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 into the Abyss

EUR/USD into the Abyss

Jamie Saettele, CMT, Sr. Technical Strategist


Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

Traits of Successful Traders

-To review; “Confidence in any direction is nil at this point but bulls have work to do given the harsh rejection at the year opening price. In the event of a break, there is a parallel to be aware of just under 1.0400.” EUR/USD dropped to 1.0366 today (the mentioned parallel was hit), its lowest level since January 2003. On a bigger picture basis, the drop brings an end to the consolidation that began in March 2015. The consolidation was 10% so a breakout target is .9550. Above 1.0670 negates.

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