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.

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
EUR/USD
Mixed
Oil - US Crude
Mixed
Wall Street
Bullish
Gold
Mixed
GBP/USD
Bearish
USD/JPY
Mixed
More View more
Real Time News
  • (Weekly Fundamental) Nasdaq 100, S&P 500, Dow Jones Forecast: Growth, Tech Stocks Falling Out of Favor? #NASDAQ #SPX #DowJones https://www.dailyfx.com/forex/fundamental/forecast/weekly/title/2021/03/07/Nasdaq-100-SP-500-Dow-Jones-Forecast-Growth-Tech-Stocks-Falling-Out-of-Favor.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/cGMBChx7dJ
  • A currency carry trade involves borrowing a low-yielding currency in order to buy a higher yielding currency in an attempt to profit from the interest rate differential. Find out if the carry trade suits your trading style here: https://t.co/7t4BzmLg8w https://t.co/IAwKQiZzaC
  • RT @FxWestwater: New Zealand Dollar May Fall Further as Stimulus-Driven Yield Climb Continues Link: https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/asia_am_briefing/2021/03/09/New-Zealand-Dollar-May-Fall-Further-as-Stimulus-Driven-Yield-Climb-Continues.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Westwater&utm_campaign=twr https://t.co/6…
  • Wall Street Futures Update: Dow Jones (+0.43%) S&P 500 (+0.47%) Nasdaq 100 (+0.62%) [delayed] -BBG
  • #ASEAN FX appear in trouble vs #USD in the near-term amid rising Treasury yields (see link) My ASEAN-based USD index confirmed a break under key falling resistance from April Prices face the 200-day SMA, a break higher may open the door to more gains https://www.dailyfx.com/forex/fundamental/article/special_report/2021/03/08/US-Dollar-Outlook-Treasury-Yields-May-Continue-Pressuring-ASEAN-Emerging-Market-FX.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/JtYW6TfeZO
  • 🇯🇵 GDP Growth Rate QoQ Final (Q4) Actual: 2.8% Expected: 3% Previous: 5.3% https://www.dailyfx.com/economic-calendar#2021-03-08
  • 🇯🇵 GDP Growth Annualized Final (Q4) Actual: 11.7% Expected: 12.8% Previous: 22.9% https://www.dailyfx.com/economic-calendar#2021-03-08
  • Heads Up:🇨🇳 National People's Congress due at 00:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-03-09
  • Heads Up:🇯🇵 GDP Growth Rate QoQ Final (Q4) due at 23:50 GMT (15min) Expected: 3% Previous: 5.3% https://www.dailyfx.com/economic-calendar#2021-03-08
  • Heads Up:🇯🇵 GDP Growth Annualized Final (Q4) due at 23:50 GMT (15min) Expected: 12.8% Previous: 22.9% https://www.dailyfx.com/economic-calendar#2021-03-08
EUR/USD Rips off of 2017 Fibonacci Retracement

EUR/USD Rips off of 2017 Fibonacci Retracement

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

EUR/USD Rips off of 2017 Fibonacci Retracement

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

Traits of Successful Traders

-The last update noted that “the spot to know (for support) is 1.0520/30 (December 2015 low and 61.8% retrace of January rally)…EUR/USD is nearing the ‘spot to know’ so heads up on formation of a low over the next few days.” EUR/USD has surged off of the noted level. Be aware of 1.0700/20 as near term resistance. For more on EUR/USD, check out this video.

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

DISCLOSURES