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
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
Oil - US Crude
Bearish
Wall Street
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
Gold
Mixed
GBP/USD
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
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
  • 🇵🇱 GDP Growth Rate YoY Prel (Q1) Actual: -1.2% Expected: -1.3% Previous: -2.8% https://www.dailyfx.com/economic-calendar#2021-05-14
  • 🇵🇱 GDP Growth Rate QoQ Prel (Q1) Actual: 0.9% Expected: 1.1% Previous: -0.7% https://www.dailyfx.com/economic-calendar#2021-05-14
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 91.17%, while traders in France 40 are at opposite extremes with 68.55%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/AznUHS2sN9
  • Heads Up:🇵🇱 GDP Growth Rate YoY Prel (Q1) due at 08:00 GMT (15min) Previous: -2.8% https://www.dailyfx.com/economic-calendar#2021-05-14
  • Heads Up:🇵🇱 GDP Growth Rate QoQ Prel (Q1) due at 08:00 GMT (15min) Previous: -0.7% https://www.dailyfx.com/economic-calendar#2021-05-14
  • Commodities Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Silver: 0.43% Gold: 0.31% Oil - US Crude: 0.00% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/DioFh2au2o
  • Forex Update: As of 07:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.28% 🇪🇺EUR: 0.25% 🇦🇺AUD: 0.20% 🇬🇧GBP: 0.12% 🇳🇿NZD: 0.11% 🇯🇵JPY: 0.07% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/BLD2KU12qp
  • What are some monetary policies that could affect Gold this quarter? Get your Gold free forecast here: https://t.co/bTXkGN1CIM #DailyFXGuides https://t.co/XGmybjuA7V
  • Indices Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.82% France 40: 0.82% FTSE 100: 0.81% US 500: 0.64% Wall Street: 0.55% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/sTu7UghCRP
  • Slippage can be a common occurrence in forex trading but is often misunderstood. Understanding how forex slippage occurs can enable a trader to minimize negative slippage, while potentially maximizing positive slippage. Learn about FX slippage here: https://t.co/Blrl0uF2Ct https://t.co/I5Xqrl4iaX
EUR/USD Technical Analysis: Chart Setup Hints at Upswing

EUR/USD Technical Analysis: Chart Setup Hints at Upswing

Ilya Spivak, Head Strategist, APAC

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

Talking Points:

  • EUR/USD Technical Strategy: Flat
  • Euro Technical Positioning Continues to Warn of Looming Upswing vs. US Dollar
  • ECB Rate Decision May Trigger Bounce, Offering Short Trade Opportunity Ahead

Euro technical positioning continues to warn of an on-coming recovery against the US Dollarafter prices made a preliminary push through Rising Wedge pattern resistance. Positive RSI divergence reinforces the case for an upside scenario.

Near-term resistance is at 1.0635, the 14.6% Fibonacci expansion, with a break above that on a daily closing basis paving the way for a test of the 1.0774-1.0818 zone marked by the 23.6% Fib retracement and the May 27 low. Alternatively, a move below the 23.6% expansion at 1.0556 will open the door for a test of the 1.0428-61 zone (March 13 low, 38.2% expansion).

The upcoming ECB monetary policy announcement may prove to be the catalyst for the upswing being foreshadowed in technical positioning. We will treat the move as corrective within the confines of the multi-year structural downtrend, looking to enter short once the recovery fizzles and a viable sell signal emerges.

Losing Money Trading Forex? This Might Be Why.

EUR/USD Technical Analysis: Chart Setup Hints at Upswing

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

DISCLOSURES