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.



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
Oil - US Crude
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
Wall Street
More View more
Real Time News
  • Make smart trading decisions with your free guide to trade the news. Download your free guide here. #DailyFXGuides
  • Currency exchange rates are impacted by several factors. Are different world leaders a contributing factor? Find out here:
  • Gold snapped a two-week losing streak but keeps price within the broader August downtrend. These are the levels that matter on the $XAUUSD weekly chart. Get your market update from @MBForex here:
  • $GBPUSD continues to move higher, despite Friday’s weakness, as vaccination hopes continue to fuel positive sentiment despite ongoing lockdown fears and downbeat UK data. Get your market update from @nickcawley1 here:
  • Risk management is one of the most important aspects of successful trading, but is often overlooked. What are some basic principles or risk management? Find out from @PaulRobinsonFX here:
  • Recessions can devastate the economy and disrupt the fortunes of individuals, businesses, and investors. But economic decline in the business cycle is inevitable, and your trading can be defined by how you respond to crisis. learn how to prepare here:
  • Looking for a new way to trade reversals? One of the most used reversal candle patterns is known as the Harami. Like most candlestick formation patterns, the Harami tells a story about sentiment in the market. Get better with trading reversals here:
  • MACD who? The Moving Average Convergence Divergence (MACD) is a technical indicator which simply measures the relationship of exponential moving averages (EMA). Find out how you can incorporate MACD into your trading strategy here:
  • Knowing how to accurately value a stock enables traders to identify and take advantage of opportunities in the stock market. Find out the difference between a stock's market and intrinsic value, and the importance of the two here:
  • It seems the markets are riding high, but risk is always lurking around the corner. Consider your escape plan before you find yourself in collapsing market. What are the top havens for different conditions in 2021? Find out from @JohnKicklighter here:
EUR/USD Technical Analysis: Euro Challenges Monthly High

EUR/USD Technical Analysis: Euro Challenges Monthly High

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 moves to test monthly high after Fed’s Yellen sinks US Dollar
  • Gains seen as corrective, paving the way for future short trade setup

The Euro pushed aggressively higher against the US Dollar after finding support above the 1.11 figure, with prices now poised to challenge monthly highs. The single currency rallied the most in two weeks after a speech from Fed Chair Janet Yellen weighed against traders’ rate hike expectations.

Resistance now stands in the 1.1343-76 area, marked by the February 11 and March 17 swing highs, with a break above that on a daily closing basis paving the way for a test of the October 15 top at 1.1495. Alternatively, a reversal below the 23.6% Fibonacci retracement at 1.1220 exposes the 38.2% level at 1.1144.

Our fundamental outlook calls for the long-term EUR/USD down trend to continue in 2016.With that in mind, recent gains appear to be corrective and are expected to eventually deliver an opportunity to enter short. A defined reversal signal is absent for now however and we will stand side until something actionable presents itself.

Are FXCM traders buying or selling into Euro strength? Find out here!

EUR/USD Technical Analysis: Euro Challenges Monthly High

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