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
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
Bearish
USD/JPY
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
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
Oil - US Crude
Mixed
Bitcoin
Bullish
More View more
Real Time News
  • Forex Update: As of 21:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.29% 🇪🇺EUR: 0.03% 🇦🇺AUD: 0.03% 🇬🇧GBP: -0.23% 🇯🇵JPY: -0.23% 🇨🇭CHF: -0.36% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/Kx7ctSpXTf
  • It has been months since I updated this, but here is NYSE broker-level leverage (debt to cash balance) overlaid with the $SPX: https://t.co/Yv42OMEScH
  • Commodities Update: As of 21:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.73% Gold: -0.90% Silver: -3.50% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/EgueCnq9A8
  • RBNZ's Hawkesby says weakness in the New Zealand Dollar is giving New Zealand economy some support $NZD
  • FANGs to the rescue once again? Market sentiment could use the boost, that's for sure https://t.co/3hS7piOEdx
  • AAPL Earnings: EPS: $4.99 vs $4.55 exp Rev: $91.8B vs $88.5B exp $AAPL shares are 1.65% higher
  • RT @zerohedge: APPLE 1Q EPS $4.99, EST. $4.56 APPLE 1Q REV. $91.8B, EST. $88.38B
  • AAPL Earnings Earnings: EPS: $4.99 vs $4.55 exp Rev: $91.8B vs $88.5B exp $AAPL shares are 1.65% higher
  • $USD prices could be pressured lower if the FOMC reiterates its plans to continue organic balance sheet expansion to a similar magnitude of past QE phases for reserve management. Get your market update from @RichDvorakFX here: https://t.co/vtIFhanGRU https://t.co/indCQN5EHB
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.47%, while traders in US 500 are at opposite extremes with 71.18%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/dzFXmzzyQN
EUR/USD Classical 03.07

EUR/USD Classical 03.07

2011-03-07 06:56:00
Joel Kruger, Technical Strategist
Share:
EURUSD_CLassical_body_eur.png, EUR/USD Classical 03.07

EUR/USD:The market has since stalled out after breaking above 1.4000 and the latest topside failure should not be taken lightly, with the market stalling around some key resistance at the 78.6% fib retrace off of the major November-January high-low move and by the psychological round number barrier. For now, we will use 1.4000 as our gauge for directional bias. A daily close above 1.4000 will open the door for a direct retest of 1.4280, while inability to establish above the figure on a daily close basis will open the door for a meaningful bearish reversal. A break and close back below 1.3940 helps to confirm short-term bearish reversal prospects.

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 jskruger@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.