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
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
GBP/USD
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
More View more
Real Time News
  • 🇬🇧 Retail Sales ex Fuel YoY (AUG) Actual: -0.9% Expected: 2.5% Previous: 0.9% https://www.dailyfx.com/economic-calendar#2021-09-17
  • 🇬🇧 Retail Sales YoY (AUG) Actual: 0% Expected: 2.7% Previous: 1.9% https://www.dailyfx.com/economic-calendar#2021-09-17
  • 🇬🇧 Retail Sales YoY (AUG) Actual: 0% Expected: 2.7% Previous: 2.4% https://www.dailyfx.com/economic-calendar#2021-09-17
  • 🇬🇧 Retail Sales ex Fuel YoY (AUG) Actual: -0.9% Expected: 2.5% Previous: 1.8% https://www.dailyfx.com/economic-calendar#2021-09-17
  • Heads Up:🇬🇧 Retail Sales ex Fuel YoY (AUG) due at 06:00 GMT (15min) Expected: 2.5% Previous: 1.8% https://www.dailyfx.com/economic-calendar#2021-09-17
  • Heads Up:🇬🇧 Retail Sales YoY (AUG) due at 06:00 GMT (15min) Expected: 2.7% Previous: 2.4% https://www.dailyfx.com/economic-calendar#2021-09-17
  • Do you know how to properly Identify a double top formation? Double tops can enhance technical analysis when trading both forex or stocks, making the pattern highly versatile in nature. Learn more about the double top formation here: https://t.co/t9Flsqcxo9 https://t.co/bx1oliPB4J
  • What is your forex trading style? Take the quiz and find out: https://t.co/YY3ePTpzSI https://t.co/U40lgEA8K7
  • New Zealand Dollar Vulnerable as NZD/USD Eyes Falling Wedge - #NZDUSD chart https://t.co/9AGaZsMFmF
  • (Gold Briefing) Gold Price Outlook Turns to UofM Sentiment as US Dollar, Treasury Yields Rally #Gold #XAUUSD #USD #Bonds https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2021/09/17/Gold-Price-Outlook-Turns-to-UofM-Sentiment-as-US-Dollar-Treasury-Yields-Rally.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/p7VdFesUb1
EUR/USD Technical Analysis: Euro Slides to Decade Low

EUR/USD Technical Analysis: Euro Slides to Decade Low

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: 1.1462, 1.1366, 1.1247
  • Resistance:1.1558, 1.1677, 1.1751

The Euro continues to push downward against the US Dollar, with prices seemingly poised to probe below the 1.15 figure. Near-term support is at 1.1462, the 50% Fibonacci expansion, with a break below that on a daily closing basis exposing the 61.8% level at 1.1366. Alternatively, a reversal above the 38.2% Fib at 1.1558 clears the way for a test of the 23.6% expansion at 1.1677.

While entering short seems compelling from a purely technical perspective, we will tactically opt to stand aside. We suspect the Euro may bounce following this week’s ECB policy announcement. With that in mind, we will remain flat for now and wait for a corrective pull-up to yield a more attractive selling opportunityin line with our long-term outlook.

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

EUR/USD Technical Analysis: Euro Slides to Decade Low

Daily Chart - Created Using FXCM Marketscope

--- 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