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
Bullish
Oil - US Crude
Bearish
Wall Street
Mixed
Gold
Bullish
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
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • Traders utilize varying time frames to speculate in the forex market. The two most common are long- and short-term-time frames which transmits through to trend and trigger charts. Learn more about time-frame analysis here: https://t.co/UalZ8cRSXB https://t.co/HowmkgNlJK
  • 🇯🇵 Housing Starts YoY (AUG) Actual: -9.1% Expected: -10.9% Previous: -11.4% https://www.dailyfx.com/economic-calendar#2020-09-30
  • Despite recent gains in $AUDUSD, #SP500 and #DowJones, retail positioning signals paint a mixed outlook for these assets What are key technical levels to watch for ahead? - https://www.dailyfx.com/forex/technical/article/special_report/2020/09/30/AUDUSD-SP-500-Dow-Jones-Outlook-Mixed-After-Recent-Gains.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/tsSdBtuwcN
  • Heads Up:🇯🇵 Housing Starts YoY (AUG) due at 05:00 GMT (15min) Expected: -10.9% Previous: -11.4% https://www.dailyfx.com/economic-calendar#2020-09-30
  • Heads Up:🇯🇵 Leading Economic Index Final (JUL) due at 05:00 GMT (15min) Expected: 86.9 Previous: 83.8 https://www.dailyfx.com/economic-calendar#2020-09-30
  • Heads Up:🇯🇵 Coincident Index Final (JUL) due at 05:00 GMT (15min) Expected: 76.2 Previous: 74.4 https://www.dailyfx.com/economic-calendar#2020-09-30
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.22%, while traders in EUR/USD are at opposite extremes with 61.97%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/yvS8zOrrbN
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.07% 🇳🇿NZD: -0.03% 🇪🇺EUR: -0.09% 🇬🇧GBP: -0.14% 🇨🇭CHF: -0.16% 🇦🇺AUD: -0.20% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/ZdMXOKYAwH
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: Germany 30: -0.34% Wall Street: -0.34% US 500: -0.35% France 40: -0.36% FTSE 100: -0.43% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/fTinhd9l38
  • There are three major forex trading sessions which comprise the 24-hour market: the London session, the US session and the Asian session. Learn about the characteristics of each session here: https://t.co/UVvf51HiVP https://t.co/T0ADbhgExG
EUR/USD Technical Analysis: Eyeing Resistance Above 1.14

EUR/USD Technical Analysis: Eyeing Resistance Above 1.14

2015-05-15 04:21:00
Ilya Spivak, Head Strategist, APAC
Share:

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

Talking Points:

  • EUR/USD Technical Strategy: Flat
  • Support: 1.1335, 1.1257, 1.1130
  • Resistance:1.1463, 1.1565, 1.1668

The Euro continues to push upward, issuing the strongest close in three months against the US Dollar. A daily close above the 38.2% Fibonacci expansionat 1.1463 exposes the 50% level at 1.1565. Alternatively, a turn below the 23.6% Fib at 1.1335 opens the door for a challenge of the 14.6% expansion at 1.1257.

The absence of a defined bearish reversal signal suggests that taking up the short sidein line with our long-term outlookis premature. With that in mind, we will continue to stand aside until a more actionable opportunity presents itself.

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

EUR/USD Technical Analysis: Eyeing Resistance Above 1.14

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