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.



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
  • Euro Price Forecast: EUR/USD, EUR/JPY Eyeing ECB Weekly Bond Purchases - $EUR $EURUSD $EURJPY
  • 🇨🇭 Retail Sales YoY (JAN) Actual: -0.5% Previous: 5.4%
  • Heads Up:🇨🇭 Retail Sales YoY (JAN) due at 07:30 GMT (15min) Previous: 4.7%
  • Slippage can be a common occurrence in forex trading but is often misunderstood. Understanding how forex slippage occurs can enable a trader to minimize negative slippage, while potentially maximizing positive slippage. Learn about FX slippage here:
  • 🇷🇺 Markit Manufacturing PMI (FEB) Actual: 51.5 Previous: 50.9
  • Heads Up:🇷🇺 Markit Manufacturing PMI (FEB) due at 06:00 GMT (15min) Previous: 50.9
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here:
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 93.74%, while traders in GBP/JPY are at opposite extremes with 64.08%. See the summary chart below and full details and charts on DailyFX:
  • Forex Update: As of 05:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.55% 🇦🇺AUD: 0.55% 🇬🇧GBP: 0.39% 🇪🇺EUR: 0.09% 🇯🇵JPY: 0.06% 🇨🇭CHF: -0.01% View the performance of all markets via
  • Indices Update: As of 05:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 1.05% US 500: 0.83% Germany 30: 0.78% France 40: 0.78% Wall Street: 0.72% View the performance of all markets via
EUR/GBP Technical Analysis: Buyers Target 0.79 Mark Anew

EUR/GBP Technical Analysis: Buyers Target 0.79 Mark Anew

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 breaks two-week range resistance, aims to challenge 0.79 vs. Pound
  • Looking for short trade opportunity to sell in line with long-term down trend

The Euro resumed the push higher against the British Pound after two weeks of range-bound consolidation, with prices now aiming to challenge the monthly high. The dominant multi-year trend continues to favor the downside however, painting the upswing from mid-November 2015 lows as corrective.

A daily close above the 23.6% Fibonacci expansion at 0.7912 opens the door for a challenge of the 38.2% level at 0.8046. Alternatively, a turn below resistance-turned-support at 0.7830, the 14.6% Fib, paves the way for a test of the 0.7703-35 area (horizontal pivot, rising trend line).

Our 2016 fundamental outlook envisions continuation of the long-term EUR/GBP down trend. However, risk aversion may continue to support the Euro in the near term. Tactically speaking, an actionable short trade setup is also absent at this time. We will remain flat, waiting for an actionable opportunity to present itself.

Losing money trading the Euro? This might be why!

EUR/GBP Technical Analysis: Buyers Target 0.79 Mark Anew

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