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
Bullish
GBP/USD
Mixed
USD/JPY
Bearish
Gold
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
Oil - US Crude
Bearish
Bitcoin
Bearish
More View more
Real Time News
  • 🇺🇸 USD DOE U.S. Crude Oil Inventories (NOV 15), Actual: 1379k Expected: 1149k Previous: 2219k https://www.dailyfx.com/economic-calendar#2019-11-20
  • The $USD also picked up a small bid – the cleanest shirt in the dirty laundry basket – but the Yen’s bid prevailed, pushing $USDJPY lower. Get your USD/JPY technical analysis from @nickcawley1 here: https://t.co/cWF68BJ1uT https://t.co/HAEL7GZr3y
  • Price action in the Euro has been relatively tame with the pair testing 1.1050. The ECB’s financial stability review continued to highlight that the economic environment remains challenging, Get your market update from @JMcQueenFX here: https://t.co/xjW6vujMfU https://t.co/nZXVlrF2Sb
  • Brainard: -Seeing inflation moving up, hopefully a bit above 2% $TNX $XAU $USD $ES_F
  • Fed's Brainard: -Seeing growth moderation in second half of the year, but the US consumer remains resilient -Consumer continues to feel good about the job market -We have seen a bit of slowing, which I would expect $DXY
  • Fed's Brainard: -More tariffs in December would be negative for the economy -Trade uncertainty has weighed on economy for past year -FOMC has taken out insurance against trade conflict risk -Trade conflict has worsened China challenges $USD $SPX $TNX $XAU
  • Commodities Update: As of 15:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.92% Gold: -0.06% Silver: -0.16% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/JWg2Nw5eT2
  • Heads Up:🇺🇸 USD DOE U.S. Crude Oil Inventories (NOV 15) due at 15:30 GMT (15min), Actual: N/A Expected: 1149k Previous: 2219k https://www.dailyfx.com/economic-calendar#2019-11-20
  • Tune in to @PeterHanksFX 's #webinar at 11:00 PM ET/4:00 PM GMT as he discusses the weekly stock market outlook. Register here: https://t.co/Rwbt9avERj $SPX #Dow https://t.co/HglE2yqqUy
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 98.09%, while traders in US 500 are at opposite extremes with 79.44%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/JKzD1Vo6yG
Forex Analysis: EURUSD Classic Technical Report 11.08.2012

Forex Analysis: EURUSD Classic Technical Report 11.08.2012

2012-11-08 13:17:00
Ilya Spivak, Sr. Currency Strategist
Share:

Prices have now taken out support at 1.2830, the 23.6% Fibonacci expansion level, after completing a bearish Three Inside Down candlestick pattern below falling trend line resistance set from May 2011. Sellers now aim to challenge the 38.2% Fib at 1.2619. The 1.2826 level has been recast as resistance, with a push back above that exposing trend line support-turned-resistance at 1.2913. We continue to hold short.

Forex_Analysis_EURUSD_Classic_Technical_Report_11.08.2012_body_Picture_5.png, Forex Analysis: EURUSD Classic Technical Report 11.08.2012

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, please CLICK HERE

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.