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.

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
Bullish
Wall Street
Mixed
Gold
Bullish
GBP/USD
Mixed
USD/JPY
Bearish
More View more
Real Time News
  • BoC Governor Macklem: - Adjustment of QE purchases will be "a gradual process," not "a switch" - QE programs will be needed for some time #BoC $CAD
  • BoC Governor Macklem: - Exceptional degree of monetary stimulus currently in place is appropriate - Prepared to use options as needed if economic recovery is weaker than expected - QE stimulus will diminish over time if economy and inflation are stronger than projected #BoC $CAD
  • BoC Governor Macklem: - BoC has options if economy proves weaker than expected - BoC spent a good bit of time discussing stimulus amount #BoC $CAD
  • BoC Governor Macklem - It is too early to consider slowing the pace of QE purchases
  • BoC Governor Macklem: - Canadian economy had considerable momentum up until second half of Q4 - Positive momentum has been broken by resurgence in Covid cases - Projected contraction of 2.5% in Q1 2021 #BoC $CAD
  • BoC Governor Macklem: - Current surge of Covid-19 is a serious setback - Prospects of a strong sustained recovery for H2 2021 have improved - Bank of Canada will continue to support the Canadian economy through these difficult times #BoC $CAD
  • Couldn't resist retweeting this for my colleagues across the pond https://t.co/zppZPSpLLp
  • Webinar goes live in 10 minutes to discuss earnings season and key technical levels for the major indices Join here - https://t.co/yZzo32b8dE
  • $USDCAD fell by nearly 100 pips, from 1.2700 to around 1.2610, following no policy changes from the BoC, marking a fresh two year low for the pair. $USD $CAD https://t.co/30Xq1HX8Yx
  • Forex Update: As of 15:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.94% 🇦🇺AUD: 0.79% 🇳🇿NZD: 0.72% 🇬🇧GBP: 0.12% 🇨🇭CHF: -0.06% 🇪🇺EUR: -0.15% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/qJLoAPYnfF
Forex: EUR/USD Technical Analysis – Stubborn Range Still Holding

Forex: EUR/USD Technical Analysis – Stubborn Range Still Holding

Ilya Spivak, Head Strategist, APAC

To receive Ilya's analysis directly via email, please SIGN UP HERE

Talking Points

  • Prices are consolidating below resistance at 1.3534 (61.8% Fib)
  • Near-term support is in the 1.3416-52 area (June 19 high, 50% Fib)
  • Break lower exposes 1.3370 (38.2% Fib); turn above resistance eyes 1.3636 (76.4% Fib)

Confirm your chart-based trade setups with the Technical Analyzer.

dailyclassics_eur-usd_body_Picture_2.png, Forex: EUR/USD Technical Analysis – Stubborn Range Still Holding

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

Contact and follow Ilya on Twitter: @IlyaSpivak

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