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EUR/USD
Mixed
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of clients are net long.
of clients are net short.
Long Short

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EUR/USD Rate Forecast: Euro Rebound Emerges After Defending 2021 Low
2021-03-02 19:30:00
Euro Forecast: EUR/USD Struggling to Keep Hold of 1.2000 as the US Dollar Pullback Continues
2021-03-02 10:10:00
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Gold Prices at Risk, Crude Oil Sinks But Broader Uptrend Remains Intact
2021-03-02 07:30:00
Oil Price Outlook Mired by RSI Sell Signal Ahead of OPEC JMMC Meeting
2021-03-01 20:00:00
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Why a Rise in Retail Trading May Signal Another Mania
2021-03-01 06:00:00
Wall Street IG Client Sentiment: Our data shows traders are now net-long Wall Street for the first time since Feb 01, 2021 when Wall Street traded near 30,246.40.
2021-03-01 00:23:00
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Gold Price Forecast: XAU/USD Clings to Support After Steep Losses
2021-03-02 21:00:00
Market Positioning Data Show Retail Traders Long Silver and Gold | Webinar
2021-03-02 13:30:00
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US Dollar Price Action Setups: GBP/USD, USD/JPY, AUD/JPY
2021-03-02 20:00:00
British Pound Forecast: Sterling Snaps Six Week Rally- Cable Support?
2021-03-02 17:00:00
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US Dollar Price Action Setups: GBP/USD, USD/JPY, AUD/JPY
2021-03-02 20:00:00
Japanese Yen Outlook: USD/JPY Bull Run Faces Stern Resistance
2021-03-02 15:00:00
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  • RT @KyleR_IG: The curve on Friday. https://t.co/do1E6LmfRM
  • Gold suffered a significant breakdown last week as it plummeted beneath support and tagged new lows. Get your $XAUUSD market update from @PeterHanksFX here:https://t.co/850orYzr93 https://t.co/yMTFkLQJSd
  • The Canadian Dollar was hobbled last week, nearly falling through key technical levels. But said technical thresholds were never tripped. Get your $CAD market update from @CVecchioFX here: https://t.co/xEKh42TRbx https://t.co/uB7gQg5ztB
  • Forex Update: As of 21:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.60% 🇳🇿NZD: 0.37% 🇪🇺EUR: 0.34% 🇨🇦CAD: 0.07% 🇯🇵JPY: 0.06% 🇨🇭CHF: 0.05% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/cprSmzQd2v
  • 🇳🇿 Building Permits MoM (JAN) Actual: 2.1% Previous: 5.1% https://www.dailyfx.com/economic-calendar#2021-03-02
  • Heads Up:🇦🇺 Markit Services PMI Final (FEB) due at 22:00 GMT (15min) Previous: 55.6 https://www.dailyfx.com/economic-calendar#2021-03-02
  • Commodities Update: As of 21:00, these are your best and worst performers based on the London trading schedule: Gold: 0.70% Silver: 0.68% Oil - US Crude: -0.37% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/7oCCFYvG6O
  • EUR/USD appears to be defending the yearly low (1.1952) even as European Central Bank (ECB) officials endorse a dovish forward guidance for monetary policy. Get your $EURUSD market update from @DavidJSong here:https://t.co/CMCUpx5ssP https://t.co/UXLAKmdeTX
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.63%, while traders in Germany 30 are at opposite extremes with 71.61%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/bmtKjceCBe
  • Heads Up:🇳🇿 Building Permits MoM (JAN) due at 21:45 GMT (15min) Previous: 4.9% https://www.dailyfx.com/economic-calendar#2021-03-02
Crude Estimated Support is 91.14-91.70

Crude Estimated Support is 91.14-91.70

Jamie Saettele, CMT, Sr. Technical Strategist

240 Minute Bars

eliottWaves_oil_body_crude.png, Crude Estimated Support is 91.14-91.70

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Are you new to FX or curious about your trading IQ?

Commodity Analysis: “Crude is well supported on dips and near term focus remains higher towards former support at 94.94. Bigger picture, last week’s reversal, recent trendline resistance break and trendline support hold paint a bullish picture.” Near term, expect support from the 50%-61.8% zone of the latest rally at 91.14/70.

Commodity Trading Strategy: Bullish on dips below 91.70, against 89.33.

LEVELS: 89.33 90.25 91.70 94.43 95.89 96.19

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

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