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
Bearish
GBP/USD
Mixed
USD/JPY
Bearish
Gold
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
Oil - US Crude
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
Bitcoin
Bearish
More View more
Real Time News
  • Silver prices have remained below the uptrend from the July and October swing lows, maintaining the downtrend from the September and November highs. Get your market update from @CVecchioFX here: https://t.co/LDwjpL0awS https://t.co/FzWQdlDT9w
  • - #USDBRL reaching edging closer to retesting 14-month high - Recent price action suggesting upside momentum is waning - If pair experience pullback, where is next big support level? https://www.dailyfx.com/forex/analyst_picks/todays_picks/dimitri_zabelin/2019/11/13/-USDBRL-Outlook-Bearish-as-Pair-Plateaus-Pullback-Ahead.html?CHID=9&QPID=917705 #Brazil
  • Hello there traders! The IG Client Sentiment outlook for $EURUSD is bearish while the forecast for $USDCAD is bullish. Join me later today at 1:00 GMT (in 2 hours) to learn more about how you can use this in your strategy here - https://www.dailyfx.com/webinars/998956395?CHID=9&QPID=917702
  • $GBPUSD Daily Pivot Points: S3: 1.2728 S2: 1.2787 S1: 1.2816 R1: 1.2875 R2: 1.2904 R3: 1.2962 https://www.dailyfx.com/pivot-points?ref=SubNav?utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • $USDJPY Daily Pivot Points: S3: 108.33 S2: 108.7 S1: 108.86 R1: 109.23 R2: 109.44 R3: 109.81 https://www.dailyfx.com/pivot-points?ref=SubNav?utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • Tomorrow's event risk include employment numbers out of Australia, German and Euro-Zone GDP Q3 readings, overnight rate decision from Banxico, and Fed Chair Powell will testify before the House Budget Committee $EUR $MXN $AUD $DXY https://t.co/2oJpJwij0q
  • DailyFX Sr. Currency Strategist @CVecchioFX is a long term macro trader. What is your #tradingstyle? Take the quiz and let us know in the comments! https://t.co/LPBOcS0Vtd https://t.co/GmxPPpX1Be
  • This tweet from last week is just as true today as it was then https://t.co/RPZp0xAF7C
  • $EURUSD Daily Pivot Points: S3: 1.0944 S2: 1.0981 S1: 1.0995 R1: 1.1031 R2: 1.1053 R3: 1.1089 https://www.dailyfx.com/pivot-points?ref=SubNav?utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • Forex Update: As of 21:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 1.28% 🇨🇭CHF: 0.31% 🇯🇵JPY: 0.18% 🇪🇺EUR: -0.02% 🇦🇺AUD: -0.05% 🇨🇦CAD: -0.16% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/DMbCFCWxda
Forex Analysis: EURUSD Classic Technical Report 11.09.2012

Forex Analysis: EURUSD Classic Technical Report 11.09.2012

2012-11-09 10:33:00
Ilya Spivak, Sr. Currency Strategist
Share:

Prices took 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 1.2917. We continue to hold short.

Forex_Analysis_EURUSD_Classic_Technical_Report_11.09.2012_body_Picture_5.png, Forex Analysis: EURUSD Classic Technical Report 11.09.2012

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.