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
Bearish
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
Mixed
Wall Street
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
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
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • Heads Up:🇺🇸 Fed Evans Speech due at 20:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-11-23
  • Mexican #Peso Outlook: $USDMXN Bears Tire Near Downtrend Support - https://t.co/jAj7zvgayX https://t.co/85A7FqpcKu
  • Commodities Update: As of 19:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: -0.10% Gold: -1.80% Silver: -2.46% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/5s4ojZBdDF
  • EUR/USD price action pivots 70-pips lower in a big intraday reversal. Get your $EURUSD market update from @RichDvorakFX here:https://t.co/U1SSBtFMlb https://t.co/IwayQbwcZW
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 93.33%, while traders in NZD/USD are at opposite extremes with 75.64%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/5TJrFY04MT
  • Gold is on the cusp of breaking range support set from August. Confirmation on a daily close looks like to set the stage for a drop below $1800/oz. #XAUUSD #gold https://t.co/48U0BwN7C7
  • Indices Update: As of 19:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.92% US 500: 0.40% FTSE 100: 0.07% France 40: 0.06% Germany 30: -0.00% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/ehHdDSIrCU
  • Gold prices broke down this morning on the back of USD-strength driven from the US PMI report. Get your $XAUUSD technical analysis from @JStanleyFX here: https://t.co/JWlQ6zt6G0 https://t.co/S5ZXvwEAt6
  • Heads Up:🇨🇦 BoC Gravelle Speech due at 19:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-11-23
  • Gold Price Forecast: Gold Breaks Down to Fresh Four-Month-Lows https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2020/11/23/Gold-Price-Forecast-XAUUSD-XAU-USD-Breaks-Down-to-Fresh-Four-Month-Lows.html $Gold $GC $GLD https://t.co/0V5ACepUzJ
Forex: EUR/GBP Technical Analysis – Topping Below 0.86 Mark?

Forex: EUR/GBP Technical Analysis – Topping Below 0.86 Mark?

2013-10-30 04:43:00
Ilya Spivak, Head Strategist, APAC
Share:

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

Talking Points

  • A Rising Wedge chart pattern warns a reversal lower may be brewing ahead
  • Breaking below 0.8550 (50% Fib) eyes the 0.8498-0.8507 area (Wedge bottom , 38.2% Fib)
  • Pushing above the Wedge top (now at 0.8578) initially targets 0.8602 (61.8% Fib)

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

dailyclassics_eur-chf_body_Picture_11.png, Forex: EUR/GBP Technical Analysis – Topping Below 0.86 Mark?

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