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
Wall Street
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
  • FDA panel votes 16-3 against approving Covid-19 booster shots - BBG
  • RT @C_Barraud: 🇺🇸 Americans Haven’t Been This Down on #Housing Market Since 1982 - Bloomberg *Link:…
  • US Dollar Price Action Setups Pre-FOMC: EUR/USD, GBP/USD, USD/CAD
  • The US Dollar is pushing up to a fresh September high after the release of University of Michigan Consumer Sentiment data. Get your $USD market update from @JStanleyFX here:
  • I have this $SPX chart taking over one of my whole screens, and I just keep staring at that 50-day moving average...
  • RT @TheStalwart: Nice chart, which shows why countries in green on the perimeter, like Iran, Peru, and Turkey are known for their stability…
  • Selling pressure strengthening in Wall Street two hours before the close. S&P 500 down roughly 1% intraday, the largest decline since August 18th #trading $SPX $SPY
  • One of the strongest correlation with Bitcoin at the moment is the US 10-Year Treasury yield
  • Aside from the rising uncertainty in China over Evergrande default risks, two central bank decisions will dominate the market theme next week. Get your market update from @JMcQueenFX here:
  • RT @BrendanFaganFx: 79 counterparties take $1.218 trillion at Fed's fixed-rate reverse repo $USD $DXY
EUR/USD Technical Analysis: Recovery Faces Resistance at 1.1200

EUR/USD Technical Analysis: Recovery Faces Resistance at 1.1200

Oded Shimoni, Junior Currency Analyst

Talking Points:

- EUR/USD found support around the 1.0950 level

- Pair might need to see a clear break above resistance at 1.1200 for further upside conviction

- 1.1100 could be in focus on a move lower

Learn good trading habits with the “Traits of successful traders” series

The EUR/USD is trading higher after Friday’s US GDP report, and the pair appears to be trading at a key resistance area.

The pair has seen a bounce higher last week following a decline to the 1.0950 level, and is currently trading below a potential resistance zone around the 1.12 handle between 1.1220 and 1.1186.

A clean break above that area might put focus on the 1.13 figure for possible resistance, before things get interesting around the range swing highs; initially at 1.1400-1.1430, followed by the 1.15 handle, 1.16175 and the August 2015 high at the 1.1714 level.

A hold below 1.1186 might put focus initially on the 1.11 handle for possible support, followed by the 1.10 figure and what seems like a key support zone below the 1.0950 level.

Meanwhile, the DailyFX Speculative Sentiment Index (SSI) is showing that about 35.6% of traders are long the EUR/USD at the time of writing, marking the largest short side positioning since May highs. The SSI is mainly used as a contrarian indicator, but range bound trading conditions are correlated with retail traders more successful periods suggesting potential weakness ahead (See Traits of successful traders”).

You can find more info about the DailyFX SSI indicator here.

EUR/USD Daily Chart: August 1, 2016

EUR/USD Technical Analysis: Recovery Faces Resistance at 1.1200

--- Written by Oded Shimoni, Junior Currency Analyst for

To contact Oded Shimoni, e-mail

Follow him on Twitter at @OdedShimoni

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