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. See our updated Privacy Policy here.

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
Subscribe
Please try again
EUR/USD
Bearish
Oil - US Crude
Mixed
Wall Street
Bearish
Gold
Bearish
GBP/USD
Bearish
USD/JPY
Mixed
More View more
Real Time News
  • Natural gas spot prices have been on the rise, recapturing a key trendline, following the EIA’s Short-Term Energy Outlook. Where can prices head from here? Find out from @FxWestwater here:https://t.co/yK48nZD1ag https://t.co/Rbs94oGSC7
  • USD/CHF Falling Wedge Breakout Nears Target, Trend to Continue? - #USDCHF chart https://t.co/vgrZHTjQnj
  • EUR/USD IG Client Sentiment: Our data shows traders are now at their most net-long EUR/USD since Mar 26 when EUR/USD traded near 1.18. A contrarian view of crowd sentiment points to EUR/USD weakness. https://www.dailyfx.com/sentiment https://t.co/G3PTMBx4s5
  • (APAC Stocks Briefing) Dow Jones, Nasdaq 100 Outlook: Reflationary Trade Dissipating, Nikkei 225 Eyes BoJ #DowJones #NASDAQ #Nikkei225 https://www.dailyfx.com/forex/market_alert/2021/06/18/Dow-Jones-Nasdaq-100-Outlook-Reflationary-Trade-Dissipating-Nikkei-225-Eyes-BoJ.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/xkZCw2sSFJ
  • The US Dollar continues to see varied performance against ASEAN currencies. USD/SGD is consolidating. USD/THB may bounce. USD/IDR and USD/PHP could continue lower.Get your market update from @ddubrovskyFX here:https://t.co/Ccvcy93t5X https://t.co/96VSJdvfcR
  • 🇯🇵 Inflation Rate YoY (MAY) Actual: -0.1% Previous: -0.4% https://www.dailyfx.com/economic-calendar#2021-06-17
  • 🇯🇵 Core Inflation Rate YoY (MAY) Actual: 0.1% Expected: 0.1% Previous: -0.1% https://www.dailyfx.com/economic-calendar#2021-06-17
  • 🇯🇵 Inflation Rate Ex-Food and Energy YoY (MAY) Actual: -0.2% Previous: -0.2% https://www.dailyfx.com/economic-calendar#2021-06-17
  • The Swiss Franc has seen a bout of strength in recent months against several peer currencies. Here are technical levels to watch in USD/CHF, EUR/CHF, and CHF/JPY. Get your market update from @FxWestwater here:https://t.co/e2kHTtBHW3 https://t.co/oaIsshglET
  • Gold Price to Recover if Fed Rate Hike Risk & USD Strength Ebb -via @DailyFX Link to Analysis: https://www.dailyfx.com/forex/market_alert/2021/06/17/gold-price-to-recover-if-fed-rate-hike-risk-usd-strength-ebb.html $XAUUSD $GLD $GC_F https://t.co/CfcpZ2BgBX
EUR/USD Technical Analysis: Trend Line Break Overturned

EUR/USD Technical Analysis: Trend Line Break Overturned

Ilya Spivak, Head Strategist, APAC

EUR/USD Technical AnalysisPrices swiftly overturned yesterday’s trend line break, rebounding from support at 1.2750 marked by the March 27 low. The bulls are now testing resistance at 1.3007, the 38.2% Fibonacci retracement, with a daily close above that exposing the 50% level at 1.3085. Near-term support is at 1.2910, the 23.6% Fib.

dailyclassics_eur-usd_body_Picture_2.png, EUR/USD Technical Analysis: Trend Line Break Overturned

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