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
More View more
EUR/USD Classical Technical Report 01.12

EUR/USD Classical Technical Report 01.12

Joel Kruger, Technical Strategist
Daily_Classical_EURUSD_body_eur.png, EUR/USD Classical Technical Report 01.12

EUR/USD: Although the Euro remains locked in a rather intense downtrend, daily studies are now looking quite stretched and from here, there are risks for some form of a short-term corrective bounce before underlying bear trend resumption. Look for a break back above 1.2820 to confirm, and trigger an interday double bottom that opens a move towards 1.3000. However, inability to break back above 1.2820 will keep pressure on downside, exposing a more direct test of next key downside barriers by 1.2500. Overall, the risks are tilted to the downside and we see an eventual depreciation towards 1.2000 over the coming weeks.

--- Written by Joel Kruger, Technical Currency Strategist

To contact Joel Kruger, email Follow me on Twitter @JoelKruger

To be added to Joel Kruger’s distribution list, send an email with subject line “Distribution List” to

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