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
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
Wall Street
Mixed
Gold
Bullish
GBP/USD
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
USD/JPY
Bearish
More View more
Real Time News
  • Gold prices fell as much as 1.2% before paring most losses on Monday. A stronger USD and fading stimulus hopes were among the primary weighing factors. Traders are eyeing US$ 1,807 for near-term support. https://t.co/C3rJwjtzxk
  • US Dollar Bottoming? Smaller Fiscal Stimulus, Earnings, Covid Threaten ASEAN FX https://www.dailyfx.com/forex/fundamental/article/special_report/2021/01/18/US-Dollar-Bottoming-Smaller-Fiscal-Stimulus-Earnings-Covid-Threaten-ASEAN-FX.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/gXQFhAXxvp
  • 🇯🇵 Industrial Production YoY Final (NOV) Actual: -3.9% Previous: -3% https://www.dailyfx.com/economic-calendar#2021-01-18
  • Heads Up:🇯🇵 Industrial Production YoY Final (NOV) due at 04:30 GMT (15min) Previous: -3% https://www.dailyfx.com/economic-calendar#2021-01-18
  • Commodities Update: As of 03:00, these are your best and worst performers based on the London trading schedule: Silver: 0.29% Gold: -0.07% Oil - US Crude: -0.85% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/CemB9MpLTu
  • Forex Update: As of 03:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.13% 🇨🇭CHF: 0.02% 🇪🇺EUR: 0.01% 🇬🇧GBP: -0.05% 🇦🇺AUD: -0.11% 🇨🇦CAD: -0.21% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/rfoHtxgTeH
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in NZD/USD are at opposite extremes with 68.61%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/jWkTYXNRgO
  • Lots of favorable conditions support Chinese economy December consumption affected by sporadic virus cases - NBS via BBG $USDCNH
  • Chinese economy able to continue stable recovery in 2021 - NBS via BBG $USDCNH
  • The ISM manufacturing index plays an important role in forex trading, with ISM data influencing currency prices globally. Learn about the importance of the ISM manufacturing index here: https://t.co/Xr3xtoFpZy https://t.co/xLQueGVHcD
Forex: EUR/GBP Technical Analysis – Corrective Bounce Next Up?

Forex: EUR/GBP Technical Analysis – Corrective Bounce Next Up?

2013-09-10 11:38:00
Ilya Spivak, Head Strategist, APAC

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

Talking Points

  • Bullish Morning Star candle pattern above support at 0.8387 (100% Fib) hints at upswing
  • Near-term resistance at 0.8449 (76.4% Fib); break higher aims for the 61.8% Fib at 0.8488
  • Bounce from here is likely to be corrective and we will continue to hold a short position

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

dailyclassics_eur-chf_body_Picture_8.png, Forex: EUR/GBP Technical Analysis – Corrective Bounce Next Up?

Daily Chart - Created Using FXCM Marketscope 2.0

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

To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak

New to FX? Watch this Video. 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