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
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
GBP/USD
Bearish
USD/JPY
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
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
Mixed
Bitcoin
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
More View more
Real Time News
  • President Trump is due to give his speech on the economic and trade policy. This will tap into deep wells of market interest, but let's see if he can actually give clear direction on these critical aspects
  • $USDMXN is up over 0.85% today to set a fresh three week high above previous resistance of 19.25 https://t.co/O5Piel3rkl
  • RT @Schuldensuehner: Cash levels of Fund Managers dropped 0.8ppt to 4.2% in latest BofAML survey, the biggest monthly drop since Nov'16 and…
  • Join @JStanleyFX 's #webinar at 1:00 PM ET/6:00 PM GMT for his weekly update on trading price action. Register here: https://t.co/yu1uNFb2tm https://t.co/3rtamr7mZD
  • The USTR will submit a report on auto tariffs by Wednesday -Fox $EUR $DXY
  • Indices Update: As of 17:00, these are your best and worst performers based on the London trading schedule: US 500: 0.32% Wall Street: 0.14% France 40: -0.12% Germany 30: -0.13% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/BUs1hZ8Mop
  • Going into the Trump speech with the $VIX at 12.6 and the $SPX at 3100 https://t.co/6YCNKNdTlU
  • $XAU $GLD $GC_F | Gold futures tumbled to a three-month low as contracts equal to over 3 million ounces changed hands in half an hour https://t.co/4ND4eOQ59z via @markets
  • RT @EdwardLawrence: The US Trade Representative's report is separate from the Commerce Department Section 232 report on tariffs on autos an…
  • Heads Up:🇺🇸 USD President Trump to Discuss US Trade Policy at Economic Club of NY due at 17:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2019-11-12
Forex Analysis: EUR/USD Classic Technical Report 11.19.2012

Forex Analysis: EUR/USD Classic Technical Report 11.19.2012

2012-11-19 08:50:00
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. The pair staged a shallow bounce from the 1.27 figure to retest falling trend line resistance at 1.2778. A break above that exposes the 23.6% Fib anew. Alternatively, a drop below 1.27 targets the 38.2% level at 1.2619. We continue to hold short.

Forex_Analysis_EURUSD_Classic_Technical_Report_11.19.2012_body_Picture_5.png, Forex Analysis: EUR/USD Classic Technical Report 11.19.2012

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.