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
EUR/USD
Bearish
Oil - US Crude
Mixed
Wall Street
Mixed
Gold
Bullish
GBP/USD
Bearish
USD/JPY
Bearish
More View more
Real Time News
  • Heads Up:🇯🇵 Industrial Production YoY Prel (SEP) due at 23:50 GMT (15min) Previous: -13.8% https://www.dailyfx.com/economic-calendar#2020-10-29
  • 🇯🇵 Unemployment Rate (SEP) Actual: 3.0% Expected: 3.1% Previous: 3.0% https://www.dailyfx.com/economic-calendar#2020-10-29
  • What is the US Dollar outlook based on retail positioning ahead of the November 3rd presidential election? EUR/USD may fall as AUD/USD rises. Which way could USD/CAD capitulate? Find out from @ddubrovskyFX here:https://t.co/BVoIcR9anM https://t.co/QW3h3nIYXX
  • Heads Up:🇯🇵 Unemployment Rate (SEP) due at 23:30 GMT (15min) Expected: 3.1% Previous: 3.0% https://www.dailyfx.com/economic-calendar#2020-10-29
  • - #Biden is leading in the polls but a last-minute surprise could be in the cards - #Covid-19 case spike, fiscal stalemate souring sentiment and derailing outlook - #AUDUSD puncturing support at 0.7018 may open the door to further declines https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/asia_am_briefing/2020/10/29/AUDUSD-Selloff-May-Deepen-With-Stalemate-on-Fiscal-Talks-Biden-Leads.html
  • The Dow Jones will look to earnings from Apple, which was once the largest component of the index. Get your #Dowjones market update from @PeterHanksFX here: https://t.co/X9sHddneM4 https://t.co/yhKKhjd7Kr
  • The Indian Rupee may weaken following a breakout higher in USD/INR. Despite rising global stock market volatility, the Nifty 50 has been holding its ground. Could it capitulate lower? Find out from @ddubrovskyFX here:https://t.co/BNJ5uTKz1A https://t.co/x0YxwlKWaR
  • Relief rally ahead for $AUDNZD? Bullish RSI divergence at key psychological support (1.0600) suggests a rebound back towards the 21-MA (1.0626) and 50-MA (1.0659) could be on the cards Conversely, a break below 1.0590 probably opens the door for further losses. $AUD $NZD https://t.co/1zUvYXyLBh
  • WTI Crude Oil fell to a fresh four-month-low this morning. This fresh low broke through range support that’s held for the better part of two months. Get your #crudeoil technical analysis from @JStanleyFX here: https://t.co/UMeWEIrTSh https://t.co/a3Ujc3Rf2z
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: -0.02% 🇳🇿NZD: -0.16% 🇦🇺AUD: -0.25% 🇬🇧GBP: -0.42% 🇨🇭CHF: -0.59% 🇪🇺EUR: -0.62% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/vspt9gv2qH
EUR/USD Technical Analysis – Trying to Renew Recovery

EUR/USD Technical Analysis – Trying to Renew Recovery

2014-06-26 03:40:00
Ilya Spivak, Head Strategist, APAC
Share:

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

Talking Points:

  • EUR/USD Technical Strategy: Pending Short
  • Support: 1.3585, 1.3502, 1.3476
  • Resistance:1.3632, 1.3689, 1.3747

The Euro is attempting to extend is recovery against the US Dollar but a defined bullish breakout remains elusive. Prices are testing falling trend line resistance at 1.3632, with a daily close above that exposing the 1.3676-89 area marked by the June 6 high and the 38.2% Fibonacci retracement. Resistance-turned-support is at 1.3585, the May 29 low. A reversal back below that opens the door for a test of the 1.3476-1.3502 zone bracketed by the February 3 and June 5 bottoms.

We are looking to sell the Euro once again in line with our long-term fundamental outlook. An actionable signal is absent for now however and we will continue to stand aside in the interim.

Add these technical levels directly to your charts with our Support/Resistance Wizard app!

EUR/USD Technical Analysis – Trying to Renew Recovery

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