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
Bullish
USD/JPY
Mixed
Gold
Mixed
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
Oil - US Crude
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
Bitcoin
Bullish
More View more
Real Time News
  • Asian equities update: Nikkei 22503.97 (+0.14%), Hang Seng 26891.76 (+0.86%), CSI 300 3928.88 (-0.16%). [Delayed]
  • The #Euro has breached resistance guiding it lower for nearly four months, setting the stage for gains. Any near-term rise is unlikely to derail the long-term downtrend, however. Get your $EUR market update from @IlyaSpivak here:https://t.co/5Cdw2gJ3ON https://t.co/Q88ySolKZt
  • RT @DavidInglesTV: China sold the most U.S. treasuries in 3 years. https://t.co/GcgCbcbnFc https://t.co/JhcCd4C0Ot
  • $TNX: US10YR yield headed lower? Hugging broad downtrend line and so far seems to be finding confluent resistance after another 61.8% Fib retracement of its past bearish leg (similar to June-Sept leg retracement). I’m watching for a break below support around the 1.7 handle. https://t.co/WO19SfT95h
  • Over the past 30 days, #NGN, #GHS, and #EGP have been the best performing African currencies vs. USD with 1.84%, 0.92% and 0.82% spot returns respectively.
  • The $USD may extend its climb versus the Indian Rupee, but can it overturn weakness against the Singapore Dollar? $USDIDR and $USDPHP attempt breaking above resistance once more.Get your market update from @ddubrovskyFX here: https://t.co/bCb8Ddcsa5 https://t.co/y5fNCAgIVQ
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Gold: -0.11% Silver: -0.29% Oil - US Crude: -0.74% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/hKY2njvg8f
  • Over the past 30 days, #Philippine Peso, #Taiwanese Dollar and the #Polish Zloty have been the best performing Emerging Market currencies vs. #USD with spot returns of 1.47% ,1.15% and 1.11% respectively.
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.38% 🇨🇭CHF: 0.18% 🇪🇺EUR: 0.04% 🇯🇵JPY: -0.02% 🇳🇿NZD: -0.04% 🇬🇧GBP: -0.08% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/QXTlqCBQCK
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.32%, while traders in France 40 are at opposite extremes with 83.06%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/SXpXRMWEnT
Forex: EUR/GBP Technical Analysis – Rally Stalls Above 0.84 Level

Forex: EUR/GBP Technical Analysis – Rally Stalls Above 0.84 Level

2013-12-13 05:08:00
Ilya Spivak, Sr. Currency Strategist
Share:

To receive Ilya's analysis directly via email, please SIGN UP HERE

Talking Points

  • Prices are testing resistance at 0.8417 (50% Fib ret.); support is at 0.8378 (38.2% Fib)
  • A break below support targets 0.8329 (23.6% Fib retracement)
  • Closing above resistance aims for 0.8457 (61.8% Fib ret.)

Confirm your chart-based trade setups with the Technical Analyzer.

dailyclassics_eur-chf_body_Picture_12.png, Forex: EUR/GBP Technical Analysis – Rally Stalls Above 0.84 Level

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

Contact and follow Ilya on Twitter: @IlyaSpivak

New to FX? START HERE

For live market updates, visit the Real Time News Feed

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

DISCLOSURES

News & Analysis at your fingertips.