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
Bullish
USD/JPY
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
Gold
Mixed
Oil - US Crude
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
Bitcoin
Mixed
More View more
Real Time News
  • $GBPUSD: Cable declined 1.2954 – its lowest level in three weeks. The market rallied after with some bears seemed to cut back.Get your market update from @malkudsi here:https://t.co/ZTEpVcNY5h https://t.co/AafMCcU7hX
  • Live now! BOC rate decision coverage with @CVecchioFX: https://t.co/UNKz76iqGK
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Silver: 0.64% Gold: -0.04% Oil - US Crude: -2.07% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/K2yHoD5APl
  • Heads Up:🇺🇸 USD Existing Home Sales (MoM) (DEC) due at 15:00 GMT (15min), Actual: N/A Expected: 1.5% Previous: -1.7% https://www.dailyfx.com/economic-calendar#2020-01-22
  • Heads Up:🇨🇦 CAD Bank of Canada Rate Decision (JAN 22) due at 15:00 GMT (15min), Actual: N/A Expected: 1.75% Previous: 1.75% https://www.dailyfx.com/economic-calendar#2020-01-22
  • Tesla market cap above $100bln Elon Musk $TSLA https://t.co/1uOaJxedQF
  • China's Hubei Province has confirm 444 total cases in Coronavirus outbreak with 17 dead $CNH
  • The lack of volatility in $EURUSD is reaching historic levels after a quiet Q4 outlay saw the pair build into a range, Get your EUR/USD technical analysis from @JStanleyFX here: https://t.co/ZKFPV05eRQ https://t.co/axYIAw5aFg
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: US 500: 0.27% Wall Street: 0.20% Germany 30: 0.00% France 40: -0.20% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/pY1o83MIVa
  • RT @callieabost: Oh, we’re doing this thing again 🤔 The S&P 500 hasn’t posted two consecutive down days in 27 trading days, the second-lon…
EUR/USD Classical 03.15

EUR/USD Classical 03.15

2011-03-15 06:15:00
Joel Kruger, Technical Strategist
Share:
EURUSD_CLassical_body_eur.png, EUR/USD Classical 03.15

EUR/USD:The latest topside failure above 1.4000 and ahead of 1.4035 is significant and inability to establish back above the psychological barrier opens the door for a bearish trend reversal in favor of the USD. Tuesday’s setbacks have already resulted in a break below Monday’s low to set up a potential bearish reversal day, and should the market end up closing lower on the day, we could also see the formation of a double top on the daily chart. Neckline support comes in at 1.3750 and a break below would confirm the formation and open a measured move downside extension back towards the 1.3500 area over the coming days.

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.