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
Mixed
Oil - US Crude
Mixed
Wall Street
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
Bearish
GBP/USD
Mixed
USD/JPY
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
More View more
Real Time News
  • Heads Up:🇬🇧 Markit/CIPS Manufacturing PMI Final due at 08:30 GMT (15min) Expected: 40.7 Previous: 32.6 https://www.dailyfx.com/economic-calendar#2020-06-01
  • China is said to halt some US soy imports as tensions rise
  • U.S. Market Analyst at https://t.co/JsVsSlWDSh, Shain Vernier covers - ✔️ Safe haven assets in volatile markets ✔️ Central banks and governments ✔️ How will commodities trade in a recession Only on Trading Global Markets Decoded #podcast. Tune in here: https://t.co/1UmEzEt7a6 https://t.co/VVnzXqhl9r
  • 🇩🇪 Markit Manufacturing PMI Final Actual: 36.6 Expected: 36.8 Previous: 34.5 https://www.dailyfx.com/economic-calendar#2020-06-01
  • What's been driving #gold strength and #USD weakness since the middle of last week, a move that has seemingly ignored the back/forth on #USChina tensions? Here's a theory: domestic US unrest is fueling bets on more #Fed easing. https://t.co/UM8tftiSh6
  • 🇮🇹 Markit/ADACI Manufacturing PMI Actual: 45.4 Expected: 37.1 Previous: 31.1 https://www.dailyfx.com/economic-calendar#2020-06-01
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.58%, while traders in US 500 are at opposite extremes with 75.21%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/bTOdRb5PFb
  • Heads Up:💶 Markit Manufacturing PMI Final due at 08:00 GMT (15min) Expected: 39.5 Previous: 33.4 https://www.dailyfx.com/economic-calendar#2020-06-01
  • Heads Up:🇩🇪 Markit Manufacturing PMI Final due at 07:55 GMT (15min) Expected: 36.8 Previous: 34.5 https://www.dailyfx.com/economic-calendar#2020-06-01
  • Commodities Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Silver: 2.57% Gold: 0.66% Oil - US Crude: 0.27% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/FYJYOZdWAD
EURUSD Classic Technical Report 10.08.2012

EURUSD Classic Technical Report 10.08.2012

2012-10-08 07:32:00
Ilya Spivak, Head Strategist, APAC
Share:

Prices put in a Spinning Top candlestick below resistance at a falling trend line established from May 2011, hinting a move lower may be ahead. Initial support lines up at 1.2831, the 23.6% Fibonacci expansion, with a break below that targeting the 38.2% level at 1.2619. Trend line resistance is now at 1.3065. A breach above that targets the September 17 high at 1.3171.

EURUSD_Classic_Technical_Report_10.08.2012_body_Picture_5.png, EURUSD Classic Technical Report 10.08.2012

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

New to FX? Watch this Video. For live market updates, visit the Real Time News Feed

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

DISCLOSURES

News & Analysis at your fingertips.