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
Bullish
Oil - US Crude
Mixed
Wall Street
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
Gold
Bullish
GBP/USD
Mixed
USD/JPY
Bearish
More View more
Real Time News
  • Protests in Colombia may continue to pressure the Peso, but surging commodity prices and a weaker Greenback could curb USD/COP gains. Get your market update here:https://t.co/vcVH75xuKI https://t.co/k9lPlvZznA
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: -0.03% 🇬🇧GBP: -0.04% 🇨🇭CHF: -0.06% 🇳🇿NZD: -0.09% 🇦🇺AUD: -0.11% 🇨🇦CAD: -0.11% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/JasY8jNAkb
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 88.14%, while traders in EUR/USD are at opposite extremes with 72.29%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/68EQmJdwzo
  • 🇦🇺 Wage Price Index YoY (Q1) Actual: 1.5% Expected: 1.4% Previous: 1.4% https://www.dailyfx.com/economic-calendar#2021-05-19
  • A fairly profound tweet thread from US Treasury Secretary Yellen, who calls for a reframing of US fiscal policy. https://t.co/yxYmHF6ScY
  • Heads Up:🇦🇺 Westpac Leading Index MoM (APR) due at 01:30 GMT (15min) Previous: 0.38% https://www.dailyfx.com/economic-calendar#2021-05-19
  • Heads Up:🇦🇺 Wage Price Index YoY (Q1) due at 01:30 GMT (15min) Previous: 1.4% https://www.dailyfx.com/economic-calendar#2021-05-19
  • S&P 500 Index Retreats as Energy Stocks Fall, Nikkei 225 and ASX 200 May Follow https://www.dailyfx.com/forex/market_alert/2021/05/19/SP-500-Index-Retreats-as-Energy-Stocks-Fall-Nikkei-225-and-ASX-200-May-Follow.html https://t.co/gHA0iiLPBr
  • Global stock markets may see turbulent volatility if darkening clouds over Washington’s relations with Beijing turn into a geopolitical storm. Which assets will be the lifeboat? Find out here:https://t.co/RkFI6qAyik https://t.co/YCzWc2ZrMx
  • The Japanese Yen may fall against its major peers, but there is room for a near-term climb that wouldn’t necessarily overturn a bearish technical bias. USD/JPY is eyeing support. Get your market update from @ddubrovskyFX here:https://t.co/AEnQCXnwAL https://t.co/SxqMuFR3Ht
EUR/USD Technical Analysis: Digesting Below 1.29 Figure

EUR/USD Technical Analysis: Digesting Below 1.29 Figure

Ilya Spivak, Head Strategist, APAC

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

Talking Points:

  • EUR/USD Technical Strategy: Flat
  • Support: 1.2750, 1.2619, 1.2500
  • Resistance:1.2852, 1.3070, 1.3246

The Euro recovered against US Dollar as expected after putting in a bullish Piercing Line candlestick pattern. A daily close above the 23.6% Fibonacci retracementat 1.2852 exposes the 38.2% level at 1.3070. Alternatively, a turn back below the October 13 close at 1.2750 opens the door for a test of the October 1 close at 1.2619.

We booked profits on a Euro short position earlier this month and will aim to re-enter the trade in line with our long-term fundamental outlook when the opportunity presents itself. The absence of a defined bearish reversal signal suggests pulling the trigger is premature for now.

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

EUR/USD Technical Analysis: Digesting Below 1.29 Figure

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