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.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
Real Time News
  • RT @ZabelinDimitri: Rising Australia-#China tension could compound medium-term bearish outlook for #AUD
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Gold: 0.03% Silver: -0.07% Oil - US Crude: -0.12% View the performance of all markets via
  • The USD Majors are poised within well-defined setups into the open of the month with a host of event risk on tap this week including the RBA & BoE interest rate decisions, NFP and Canada employment. Get your market update from @MBForex here:
  • Bitcoin (BTC), Ethereum (ETH) giving back some of the weekend’s gains. Ethereum/Bitcoin spread makes a break above trendline resistance. Get your cryptocurrency update from @nickcawley1 here:
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.64%, while traders in France 40 are at opposite extremes with 78.21%. See the summary chart below and full details and charts on DailyFX:
  • Federal Reserve: Responses indicate that bank lending standards have eased notably since 2020
  • Federal Reserve: - Commercial real estate loans are in higher demand - Banks reported having eased standards and terms on commercial, industrial, and household loans during Q2
  • Federal Reserve: - Lending standards are at the easier end of the historic range - Commercial and industrial loans are in higher demand
  • Gold Price Forecast: XAU Gears Up for NFP, Can Bulls Bid the Break? $Gold
  • 🇧🇷 Balance of Trade (JUL) Actual: $7.4B Expected: $8.694B Previous: $10.4B
EUR/USD Technical Analysis: Bounce May Yield Short Trade

EUR/USD Technical Analysis: Bounce May Yield Short Trade

Ilya Spivak, Head Strategist, APAC

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

Talking Points:

  • EUR/USD Technical Strategy: Flat
  • Down Move Pauses as Euro Consolidates Losses Having Slid to 3-Month Low
  • Looking to Sell After Correction as RSI Divergence Hints at Rebound Ahead

The Euro paused to digest losses against the US Dollar after prices dropped to the lowest level in over three months as traders await US employment data for direction cues. Positive RSI divergence points to ebbing downside momentum and hints a bounce may be ahead.

A daily close below support in the 1.0818-44 area, marked by a support shelf in play since May and the 38.2% Fibonacci expansion opens the door for a test of the 50% level at 1.0774. Alternatively, a push above the 14.6% Fib retracement at 1.0930 clears the way for a challenge of the 23.6% threshold at 1.0989.

The overall EUR/USD trend continues to look bearish. With that in mind, we will treat any upswing from here as corrective and look for the move to offer a selling opportunity in the day ahead after bullish momentum is exhausted. In the meantime, we remain flat.

Losing Money Trading Forex? This Might Be Why.

EUR/USD Technical Analysis: Bounce May Yield Short Trade

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.