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.

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
EUR/USD
Bullish
Oil - US Crude
Bearish
Wall Street
Mixed
Gold
Mixed
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • 🇫🇷 Inflation Rate YoY Prel (SEP) Actual: 0.1% Previous: 0.2% https://www.dailyfx.com/economic-calendar#2020-09-30
  • Heads Up:🇨🇭 KOF Leading Indicators (SEP) due at 07:00 GMT (15min) Expected: 106 Previous: 110.2 https://www.dailyfx.com/economic-calendar#2020-09-30
  • IG Client Sentiment indicates that gold traders are heavily leaning towards the long side, with 80% of positions net long, while 20% net short. Retail traders added short (+12%) exposure while trimming long (-3%) positions from a day ago. https://www.dailyfx.com/forex/market_alert/2020/09/30/Gold-Silver-Price-Analysis-Weighed-by-Stronger-US-Dollar-Post-Debate.html https://t.co/QenBWVHLzF
  • Heads Up:🇫🇷 Inflation Rate YoY Prel (SEP) due at 06:45 GMT (15min) Previous: 0.2% https://www.dailyfx.com/economic-calendar#2020-09-30
  • 🇬🇧 Nationwide Housing Prices YoY (SEP) Actual: 5% Expected: 4.5% Previous: 3.7% https://www.dailyfx.com/economic-calendar#2020-09-30
  • 🇬🇧 GDP Growth Rate QoQ Final (Q2) Actual: -19.8% Expected: -20.4% Previous: -2.5% https://www.dailyfx.com/economic-calendar#2020-09-30
  • 🇬🇧 GDP Growth Rate YoY Final (Q2) Actual: -21.5% Expected: -21.7% Previous: -2.1% https://www.dailyfx.com/economic-calendar#2020-09-30
  • Have you been catching on your @DailyFX podcast "Global Markets Decoded"? Catch up on them now, before new episodes release! https://t.co/Twr44cZ1GB https://t.co/BcggJpUF3n
  • 🇩🇪 Unemployment Rate Harmonised (AUG) Actual: 4.4% Previous: 4.4% https://www.dailyfx.com/economic-calendar#2020-09-30
  • 🇬🇧 GDP Growth Rate YoY Final (Q2) Actual: -21.5% Expected: -21.7% Previous: -1.7% https://www.dailyfx.com/economic-calendar#2020-09-30
EURUSD Classic Technical Report 08.10.2012

EURUSD Classic Technical Report 08.10.2012

2012-08-10 05:54:00
Ilya Spivak, Head Strategist, APAC
Share:

Prices are edging lower after putting in a Spinning Top candlestick falling trend line resistance set from mid-June, a barrier reinforced by the 50% Fibonacci retracement at 1.2394. Initial support at the 38.2% Fib (1.2311) appears to have been narrowly breached. Sellers now aim to challenge rising channel support at 1.2214. A break below that exposes the 1.2133-61 area. The 1.2394 level has been recast as the first layer of major resistance.

EURUSD_Classic_Technical_Report_08.10.2012_body_Picture_5.png, EURUSD Classic Technical Report 08.10.2012

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak

To be added to Ilya's e-mail distribution list, send a note with subject line "Distribution List" to ispivak@dailyfx.com

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

DISCLOSURES