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.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
Real Time News
  • Ever wonder if there are other chart types that can be sued for technical analysis? HLOC charts are discussed in the following article as well as their pros and cons. Learn more here: https://t.co/qV3c7a4YR3 https://t.co/GUXDEf3iJr
  • 🇲🇽 Balance of Trade (JUN) Actual: $0.76B Expected: $1.7B Previous: $0.34B https://www.dailyfx.com/economic-calendar#2021-07-27
  • 🇲🇽 Economic Activity YoY (MAY) Actual: 25.1% Expected: 24.1% Previous: 22.3% https://www.dailyfx.com/economic-calendar#2021-07-27
  • 🇲🇽 Balance of Trade (JUN) Actual: $0.762B Expected: $1.7B Previous: $0.34B https://www.dailyfx.com/economic-calendar#2021-07-27
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 93.27%, while traders in Wall Street are at opposite extremes with 74.65%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/orpLlzI8tP
  • Heads Up:🇲🇽 Economic Activity YoY (MAY) due at 11:00 GMT (15min) Expected: 24.1% Previous: 22.3% https://www.dailyfx.com/economic-calendar#2021-07-27
  • Heads Up:🇲🇽 Balance of Trade (JUN) due at 11:00 GMT (15min) Expected: $1.7B Previous: $0.34B https://www.dailyfx.com/economic-calendar#2021-07-27
  • Get our analysts’ view on the key fundamentals for Oil in Q3. Download now. https://t.co/bXrPHkaSCn https://t.co/EcOfrs8wkC
  • Commodities Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Gold: -0.02% Oil - US Crude: -0.03% Silver: -0.26% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/5W9vs4zNv4
  • Forex Update: As of 10:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.25% 🇪🇺EUR: -0.17% 🇨🇭CHF: -0.26% 🇬🇧GBP: -0.29% 🇦🇺AUD: -0.39% 🇳🇿NZD: -0.67% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/EGG1xnoa9b
EUR/USD Classical Technical Report 01.27

EUR/USD Classical Technical Report 01.27

Joel Kruger, Technical Strategist
Daily_Classical_EURUSD_body_eur.png, EUR/USD Classical Technical Report 01.27

EUR/USD: The market has finally managed to find some bids and although the broader underlying trend remains intensely bearish, the risks from here are for additional corrective gains back towards the 100-Day SMA in the 1.3400 area before the next lower top carves out. Some falling trend-line resistance has already been broken on the daily chart and the 10-Day SMA has now crossed back above the 20-Day SMA to provide added confirmation for short-term bullish structural shift. Setbacks should now be well supported ahead of 1.2900, while only a daily close back under this figure would negate short-term bull bias.

--- Written by Joel Kruger, Technical Currency Strategist

To contact Joel Kruger, email jskruger@dailyfx.com. Follow me on Twitter @JoelKruger

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

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

DISCLOSURES