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.

Free Trading Guides
EUR/USD
Bearish
GBP/USD
Mixed
USD/JPY
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
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
Oil - US Crude
Bullish
Bitcoin
Bearish
More View more
Real Time News
  • #EURUSD pivot points (daily) – S3: 1.0775, S2: 1.0808, S1: 10819, R1: 1.0852, R2: 1.0873, R3: 1.0905 - https://www.dailyfx.com/pivot-points?ref=SubNav?utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • RT @hmeisler: The Utes are +8.7% YTD SPX +4.6% Naz +8.4% yes the Utes are beating them both.
  • Join analyst @DavidJSong at 5:30 PM ET/10:30 PM GMT for your weekly update on key news trading events. Register here: https://t.co/gBlrRpCc55 https://t.co/yEOdbWlLFA
  • MACD who? The Moving Average Convergence Divergence (MACD) is a technical indicator which simply measures the relationship of exponential moving averages (EMA). Find out how you can incorporate MACD into your trading strategy here: https://t.co/ZNs4Qi8ieG https://t.co/lDCjcKePjK
  • MACD who? The Moving Average Convergence Divergence (MACD) is a technical indicator which simply measures the relationship of exponential moving averages (EMA). Find out how you can incorporate MACD into your trading strategy here: https://t.co/MhBcdLNKLf https://t.co/qpqTG9cFEU
  • There's no question about it, trading brings about much emotion. Knowing how to control emotions while trading can prove to be the difference between success and failure. Learn more about managing emotion in trading here: https://t.co/NQ0g31X0hl https://t.co/GaQRwd32a0
  • Crude Oil Price Outlook Mired by Coronavirus, Global GDP Growth -via @DailyFX $CL_F $USO #OOTT https://www.dailyfx.com/forex/fundamental/forecast/weekly/title/2020/02/16/crude-oil-price-outlook-mired-by-coronavirus-global-gdp-growth.html
  • There's no question about it, trading brings about much emotion. Knowing how to control emotions while trading can prove to be the difference between success and failure. Learn more about managing emotion in trading here: https://t.co/FC7CHpk9vA https://t.co/4NlOy8PJdt
  • Myth or fact? One thing is for sure, there are a lot of misconceptions about trading. Knowing the difference between common trading myths and the reality is essential to long-term success. Find out about these 'myths' here: https://t.co/rkp0AGbB7Z https://t.co/wIvGfilDMz
  • RT @SenRickScott: This is the 2nd time the CCP has used one of their propaganda outlets to attack me, which means we’re doing something rig…
EUR/USD Classcial 02.09

EUR/USD Classcial 02.09

2011-02-09 06:48:00
Joel Kruger, Technical Strategist
Share:
EURUSD_Classical_body_eur.png, EUR/USD Classcial 02.09

EUR/USD:Right now it is all about the weekly chart with the market putting in a bearish doji weekly close two weeks back and now putting in a bearish gravestone-like close this past week. This helps to increase potential for a major reversal with a medium-term lower top now sought out by 1.3860 ahead of the next major downside extension. For now, look for a daily close below 1.3540 to accelerate declines, while any rallies into the 1.3750 area should be well capped. Only back above 1.3860 delays and gives reason for pause.

Written by Joel Kruger, Technical Currency Strategist for DailyFX.com

If you wish to receive Joel's reports in a more timely fashion, e-mail instructor@dailyfx.com and you will be added to the "distribution" list.

If you wish to discuss this topic or any other feel free to visit our Forum page

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

DISCLOSURES

News & Analysis at your fingertips.