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
Subscribe
Please try again
EUR/USD
Bullish
Oil - US Crude
Mixed
Wall Street
Bearish
Gold
Mixed
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
USD/JPY
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
  • Asia-Pacific stock indices Update: Nikkei 225 (-3.99%) Hang Seng (-2.96%) China CSI 300 (-1.94%) ASX 200 (-2.35%) [delayed] -BBG
  • It’s important for traders to be familiar with FX spreads as they are the primary cost of trading currencies. Understand a pair's spread here: https://t.co/zEEUHZBx7g https://t.co/4lyKQdS9fq
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 90.40%, while traders in GBP/JPY are at opposite extremes with 73.11%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/OIQdmAonim
  • Forex Update: As of 05:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.03% 🇨🇦CAD: -0.09% 🇨🇭CHF: -0.10% 🇳🇿NZD: -0.32% 🇬🇧GBP: -0.32% 🇦🇺AUD: -0.50% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/2OP175Fhnt
  • Indices Update: As of 05:00, these are your best and worst performers based on the London trading schedule: US 500: -0.29% Wall Street: -0.32% FTSE 100: -1.16% Germany 30: -1.31% France 40: -1.49% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/oITVNgi8gw
  • 🇯🇵 Housing Starts YoY (JAN) Actual: -3.1% Expected: -2.5% Previous: -9% https://www.dailyfx.com/economic-calendar#2021-02-26
  • The bull flag pattern is a great pattern to add to a forex trader's technical arsenal. Explosive moves are often associated with the bull flag. Learn more about the bull flag pattern here: https://t.co/yOEvLjKnct https://t.co/EaIy6SLijZ
  • Heads Up:🇯🇵 Housing Starts YoY (JAN) due at 05:00 GMT (15min) Expected: -2.5% Previous: -9% https://www.dailyfx.com/economic-calendar#2021-02-26
  • Australian Government Bond Yields: 2-Year: 0.097% 3-Year: 0.092% 5-Year: 0.953% 10-Year: 1.834% 15-Year: 2.182% 30-Year: 2.807% - BBG $AUDUSD
  • Consolidation or bull flag? A bull flag is a continuation pattern that occurs as a brief pause in the trend following a strong price move higher. Learn how to better spot these formations here: https://t.co/yOEvLjKnct https://t.co/VqpwRSxkHS
EUR/USD Technical Analysis: Looking to Sell on Bounce

EUR/USD Technical Analysis: Looking to Sell on Bounce

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: 1.1123, 1.0992, 1.0830
  • Resistance:1.1254, 1.1416, 1.1516

The Euro paused to consolidate losses against the US Dollar after cautiously dipping below the 1.11 figure. A daily close below the 50% Fibonacci expansionat 1.1123 exposes the 61.8% level at 1.0992. Alternatively, a turn above the 38.2% Fib at 1.1254 opens the door for a challenge of the 23.6% expansion at 1.1416.

The Euro’s inability to continue lower following the outcome of the weekend’s Greek election seems telling and we suspect a corrective bounce may be ahead. We will stand aside for now, looking for a corrective recovery to yield a selling opportunity in line with our long-term outlook.

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

EUR/USD Technical Analysis: Looking to Sell on Bounce

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