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. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Oil - US Crude
Wall Street
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
More View more
Real Time News
  • Bitcoin, $BTCUSD, is working on its fifth consecutive daily slide - matching the longest bear run since Sept 2019 - as it plays out its head-and-shoulders neckline break. The fundamental landscape is proving just as hostile at the moment with regulators and Elon hate
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Gold: -0.12% Silver: -0.72% Oil - US Crude: -1.09% View the performance of all markets via
  • RT @KyleR_IG: Consumer sentiment pulls back from an eleven year high
  • Protests in Colombia may continue to pressure the Peso, but surging commodity prices and a weaker Greenback could curb USD/COP gains. Get your market update here:
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: -0.03% 🇬🇧GBP: -0.04% 🇨🇭CHF: -0.06% 🇳🇿NZD: -0.09% 🇦🇺AUD: -0.11% 🇨🇦CAD: -0.11% View the performance of all markets via
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 88.14%, while traders in EUR/USD are at opposite extremes with 72.29%. See the summary chart below and full details and charts on DailyFX:
  • 🇦🇺 Wage Price Index YoY (Q1) Actual: 1.5% Expected: 1.4% Previous: 1.4%
  • A fairly profound tweet thread from US Treasury Secretary Yellen, who calls for a reframing of US fiscal policy.
  • Heads Up:🇦🇺 Westpac Leading Index MoM (APR) due at 01:30 GMT (15min) Previous: 0.38%
  • Heads Up:🇦🇺 Wage Price Index YoY (Q1) due at 01:30 GMT (15min) Previous: 1.4%
EUR/GBP Technical Analysis: Euro Extends to 7-Week High

EUR/GBP Technical Analysis: Euro Extends to 7-Week High

Ilya Spivak, Head Strategist, APAC

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

Talking Points:

  • EUR/GBP Technical Strategy: Flat
  • Euro Extends to Seven-Week High vs. British Pound, Pauses to Consolidate Gains
  • Waiting for Upswing to Run its Course and Yield a Short Trade Entry Opportunity

The Euro paused to consolidate the advance against the British Pound after prices extended last week’s surge to hit the highest level in seven weeks. Prices launched upward as expected following the formation of a bullish Morning Star candlestick pattern near the 0.70 mark.

From here, a daily close above the 61.8% Fibonacci retracement at 0.7298 opens the door for a challenge of the 0.7372-0.7408area, bracketed by the 76.4% level and a falling trend line set from August 2013. Alternatively, a reversal back below resistance-turned-support at 0.7238, the 50% Fib, clears the way for a test of the 38.2% retracement at 0.7177.

The upswing from mid-November lows continues to look corrective in the context of a longer-term structural decline. As such, we will opt not to chase prices higher and wait for the move to yield an attractive selling opportunity once the correction runs its course. In the meantime, we remain flat.

Losing Money Trading Forex? This Might Be Why.

EUR/GBP Technical Analysis: Euro Extends to 7-Week High

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