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
Search results
No entries matching your query were found.
English Español Français Deutsch 中文（繁體） 中文（简体）
Free Trading Guides
Subscribe
Please try again
EUR/USD
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
News
EUR Q2 2021 Fundamental Forecast
2021-04-16 08:30:00
GBP Q2 2021 Technical Forecast
2021-04-15 21:30:00
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
News
Crude Oil Price Rise May Stall as Supply Swell Swamps Demand
2021-04-16 07:02:00
Crude Oil Price Outlook: Fresh Highs in Focus Post-Breakout
2021-04-15 22:15:00
Wall Street
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
News
Dow Jones Rallies on Strong US Data, Nikkei 225 and ASX 200 Eye China GDP
2021-04-16 01:00:00
Why a Rise in Retail Trading May Signal Another Mania
2021-04-15 23:00:00
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
News
Gold Price Clears March High as Dovish Fed Rhetoric Drags on US Yields
2021-04-16 15:00:00
Gold Prices Threaten Key Chart Barrier as Yields Drop Spurs Rebound
2021-04-16 06:09:00
GBP/USD
Bullish
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
News
Weekly Fundamental British Pound Forecast: Sterling Seeking Semblance of Stability
2021-04-16 16:30:00
GBP Technical Forecast: GBP/USD Charts Looking Increasingly Bullish
2021-04-16 13:00:00
USD/JPY
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
News
USD/JPY IG Client Sentiment: Our data shows traders are now net-long USD/JPY for the first time since Mar 02, 2021 when USD/JPY traded near 106.76.
2021-04-16 09:23:00
JPY Q2 2021 Technical Forecast
2021-04-16 00:00:00
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.60%, while traders in Germany 30 are at opposite extremes with 75.74%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/ABFYsKg28Y
  • USD/ZAR retraces from critical resistance. USD/CHF clings to Fibonacci Support. Get your market update from @Tams707 here:https://t.co/ZHO0NcWrNH https://t.co/6yIThyzgIc
  • Commodities Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Gold: 0.75% Silver: 0.70% Oil - US Crude: -0.28% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/li17mUV2lM
  • Forex Update: As of 16:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.33% 🇨🇭CHF: 0.32% 🇬🇧GBP: 0.29% 🇯🇵JPY: -0.05% 🇦🇺AUD: -0.24% 🇳🇿NZD: -0.44% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/GqwVh4uET8
  • Indices Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.26% US 500: 0.15% FTSE 100: 0.13% Germany 30: 0.06% France 40: -0.00% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/B1Zl2feWC7
  • #Bitcoin is trading slightly lower today. The crypto bounced off support at the 60,000 level earlier and is now trading around 61,750. $BTC https://t.co/HfBcZdYwTh
  • Consumer Sentiment printed below expectations at 86.5 vs. forecast of 89.6. Get your market update here:https://t.co/WRbnfBZv57 https://t.co/WgAmMLkX19
  • $GBPUSD dropped to the 1.3720 level this morning before finding support and bouncing higher. The pair is now trading around the 1.3820 level, at a nine day high. $GBP $USD https://t.co/nGPpGHhEQN
  • $USDCHF fell back below the 0.9200 level today, hitting a fresh six week low. The US Treasury removed the currency manipulator label from Switzerland earlier today. $USD $CHF https://t.co/IjSkZgmzew
  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.37% 🇨🇭CHF: 0.37% 🇬🇧GBP: 0.25% 🇯🇵JPY: -0.07% 🇦🇺AUD: -0.19% 🇳🇿NZD: -0.31% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/mrrJhI6OQD
Forex: EUR/USD Technical Analysis – Channel Bottom in Sight

Forex: EUR/USD Technical Analysis – Channel Bottom in Sight

Ilya Spivak, Head Strategist, APAC

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

Talking Points

  • Prices fell as expected, expanding a Harami candle pattern into an Evening Star setup
  • A daily close below 1.3553 (38.2% Fib) exposes 1.3468 (50% Fib, channel bottom)
  • Resistance is at 1.3660 (23.6% Fib); above that eyes 1.3831 (Oct 25 high)

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

dailyclassics_eur-usd_body_Picture_12.png, Forex: EUR/USD Technical Analysis – Channel Bottom in Sight

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? START HERE

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

Related Articles

GBP Technical Forecast: GBP/USD Charts Looking Increasingly Bullish
GBP Technical Forecast: GBP/USD Charts Looking Increasingly Bullish
2021-04-16 13:00:00
Gold Price Forecast: Short-term Double Bottom Emerges - Levels for XAU/USD
Gold Price Forecast: Short-term Double Bottom Emerges - Levels for XAU/USD
2021-04-15 19:20:00
Australian Dollar Outlook: AUD/USD Rips into April- Breakout Levels
Australian Dollar Outlook: AUD/USD Rips into April- Breakout Levels
2021-04-15 17:30:00
British Pound Forecast: Losses Send Sterling Towards Support - Levels for EUR/GBP, GBP/JPY, GBP/USD
British Pound Forecast: Losses Send Sterling Towards Support - Levels for EUR/GBP, GBP/JPY, GBP/USD
2021-04-15 15:18:00
Advertisement

Rates

EUR/USD
Mixed