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
EUR/USD
Bullish
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
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
Gold
Mixed
GBP/USD
Mixed
USD/JPY
Bearish
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.38%, while traders in US 500 are at opposite extremes with 71.53%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/oflomnctpM
  • Since the stock market bottomed back in March, the S&P 500 has gone on to climb over 40%. Get your S&P500 market update from @FxWestwater here:https://t.co/2rOYnX36Hr https://t.co/CzKM8Tt5jh
  • Commodities Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Silver: 0.98% Oil - US Crude: 0.85% Gold: 0.43% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/TpRte3d88n
  • Forex Update: As of 16:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.53% 🇦🇺AUD: 0.49% 🇨🇭CHF: 0.42% 🇯🇵JPY: 0.03% 🇨🇦CAD: 0.02% 🇬🇧GBP: -0.04% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/hl4Ax11wtT
  • Indices Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Wall Street: 1.44% US 500: 1.41% FTSE 100: -0.17% France 40: -0.23% Germany 30: -0.27% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/v8xxhiHD5d
  • New York virus cases increase 0.1% vs prior 0.2% 7-day average - BBG
  • A notable pick up in risk sentiment stemming from the impressive gains in Chinese stocks overnight sees the safe-haven US Dollar on the backfoot. #Euro is among the key beneficiaries of USD selling. Get your $EURUSD market update from @JMcQueenFX here:https://t.co/BeAoCnHkmQ https://t.co/DGHVWTZa1B
  • US 6-Month Bills Draw 0.165% Primary Dealers Awarded: 55.0% Indirect Bidders Accepted: 42.2% Direct Bidders Accepted: 2.8% B/C Ratio: 2.81
  • Arizona virus cases rise 3.4% vs prior 4.1% 7-day average - BBG
  • The SBA releases details for its $521 billion PPP loans program - BBG
Forex: EUR/GBP Technical Analysis – Sellers Ready to Take Over?

Forex: EUR/GBP Technical Analysis – Sellers Ready to Take Over?

2013-12-11 06:45:00
Ilya Spivak, Head Strategist, APAC
Share:

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

Talking Points

  • Prices put in a Bearish Engulfing candlestick pattern, hinting at a move lower ahead
  • Initial support is at 0.8316 (23.6% Fib exp.); below that targets 0.8267 (38.2% Fib)
  • Near-term resistance is at 0.8395, the December 9 swing high

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

dailyclassics_eur-chf_body_Picture_11.png, Forex: EUR/GBP Technical Analysis – Sellers Ready to Take Over?

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.