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
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
More View more
Real Time News
  • Bitcoin and Ethereum are both recovering from the early-summer slumps that enveloped the crypto market. Get your market update from $btc market update from @JStanleyFX here:https://t.co/kgPJfJKptS https://t.co/hII11U0POd
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.90%, while traders in France 40 are at opposite extremes with 82.15%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/Y0B0I5qE0y
  • $USD still sticking to the range. I'd be surprised if this holds until #NFP on Friday. But at the least there's some definition to work off of $DXY https://t.co/kHZnEFP1AX https://t.co/jkE2gugZpL
  • Commodities Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Silver: 0.43% Gold: -0.18% Oil - US Crude: -0.90% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/zbfas5ZeLn
  • SEC Chair Gensler: - SEC will take powers "as far as they go" when regulating crypto - I am looking forward to reviewing filings for Bitcoin ETFs
  • SEC Chair Gensler: - We don't have enough investor protection in crypto - Crypto trading platforms require compliance with securities law
  • $ES slingshot right back to 4400, now testing underside of tl $SPX $SPY https://t.co/C8MKSlhDYU https://t.co/afOW3tDMko
  • SEC Chair Gensler: - Crypto trading, lending, and decentralized finance platforms should be top priority for oversight - Stock tokens, stable value tokens backed by securities and all virtual products providing exposure to underlying securities fall under SEC oversight
  • Forex Update: As of 16:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.55% 🇦🇺AUD: 0.36% 🇯🇵JPY: 0.20% 🇨🇭CHF: 0.12% 🇪🇺EUR: -0.04% 🇨🇦CAD: -0.30% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/p4hWvfg6jr
  • Indices Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.53% US 500: 0.50% France 40: 0.24% Germany 30: 0.17% FTSE 100: 0.16% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/0kcXNlAb2W
Forex: EUR/USD Technical Analysis – Reversal Confirmation Pending

Forex: EUR/USD Technical Analysis – Reversal Confirmation Pending

Ilya Spivak, Head Strategist, APAC

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

Talking Points:

  • EUR/USD Technical Strategy: Pending Short
  • Support: 1.3698 (Jan 14 high), 1.3613 (38.2% Fib exp.)
  • Resistance: 1.3769 (trend line), 1.3800 (double top)

The Euro was rejected downward at resistance in the 1.3769-1.38 area, marked by a falling trend line set from the October 2013 swing high and double top. Initial support is at 1.3674, the 23.6% Fibonacci expansion, with a break below that targeting the 38.2% level at 1.3613. Alternatively, a move above 1.38 broadly aims for the December 27 high at 1.3892.

We will continue to wait on the sidelines for now until a new short trade opportunity in line with our fundamental outlook presents itself after our previous attempt to sell the pair stopped out at breakeven.

Confirm your chart-based trade setups with the Technical Analyzer. New to FX? Start Here!

dailyclassics_eur-usd_body_Picture_12.png, Forex: EUR/USD Technical Analysis – Reversal Confirmation Pending

Daily Chart - Created Using FXCM Marketscope 2.0

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

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES