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
Oil - US Crude
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
Wall Street
Bearish
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
Bearish
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
Bullish
More View more
Real Time News
  • The Consumer Price Index, better known by the acronym CPI, is an important economic indicator released on a regular basis by major economies to give a timely glimpse into current growth and inflation levels. Learn how to better understand CPI here: https://t.co/nAa0fHHGbZ https://t.co/y0zq7YdcRf
  • Heads Up:🇦🇺 RBA Meeting Minutes due at 01:30 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-06-15
  • Nasdaq 100 Hits All-Time High, Hang Seng and ASX 200 May Follow https://www.dailyfx.com/forex/market_alert/2021/06/15/Nasdaq-100-Hits-All-Time-High-Hang-Seng-and-ASX-200-May-Follow-.html https://t.co/Wqldw4aXNC
  • RT @FxWestwater: Hello traders! The Weekly Commodities Trading Prep webinar will be pushed 24 hours to Wednesday 2:00 GMT/10:00 pm EST. Joi…
  • Natural gas spot prices have been on the rise, recapturing a key trendline, following the EIA’s Short-Term Energy Outlook. Where can prices head from here? Find out from @FxWestwater here:https://t.co/yK48nZD1ag https://t.co/rRT4oBDnrK
  • Even in quiet market conditions, you can always find some activity #Philippine stock index (PSEi) up about 13.5% from late May low Expectations of easing lockdowns in the Manila capital region have been a fundamental driver Falling Wedge breakout facing the 61.8% Fib at 6916 https://t.co/VPtB78GRvl
  • USD/JPY IG Client Sentiment: Our data shows traders are now net-short USD/JPY for the first time since Jun 04, 2021 when USD/JPY traded near 109.52. A contrarian view of crowd sentiment points to USD/JPY strength. https://www.dailyfx.com/sentiment https://t.co/KPOyPWpuDn
  • Interesting tone update from the Bank of Indonesia ahead of this week's rate decision The CB said yesterday that it sees Rupiah weakening as 'still reasonable' But. it will maintain measures to stabilize the exchange rate See my tech update here - https://t.co/vu89Lt0boZ
  • The US Dollar continues to see varied performance against ASEAN currencies. USD/SGD is consolidating. USD/THB may bounce. USD/IDR and USD/PHP could continue lower.Get your market update from @ddubrovskyFX here:https://t.co/Ccvcy93t5X https://t.co/cejykWrenF
  • RT @FxWestwater: $AUDUSD Eyes RBA Minutes After Iron Ore Rally Fails to Lift Aussie Dollar Link: https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/asia_am_briefing/2021/06/14/AUDUSD-Eyes-RBA-Minutes-After-Iron-Ore-Rally-Fails-to-Lift-Aussie-Dollar.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Westwater&utm_campaign=twr https://t.co/AlQ6…
EUR/USD Technical Analysis: Euro Aiming Below 1.22 Anew

EUR/USD Technical Analysis: Euro Aiming Below 1.22 Anew

Ilya Spivak, Head Strategist, APAC

EUR/USD Technical Strategy: SHORT AT 1.2407

  • Euro rejected at familiar trend line resistance once again
  • Break of minor support exposes support below 1.22 figure
  • Opting not to scale up exposure as Fed policy call looms

Join our Fed rate decision webinar and follow its impact on EUR/USD live!

The Euro appears to be vulnerable to deeper losses against the US Dollar after a break below near-term chart support opened the way below the 1.22 figure. Another brief foray to the upside proved fruitless, with the single currency rejected on a test of trend line resistance capping gains since mid-February yet again.

A break below the March 9 lowat 1.2273 has exposed the 38.2% Fibonacci retracement at 1.2173. A further breach below that confirmed on a daily closing basis targets the 1.2055-70 area (50% level, August 29 high). Alternatively, a move back above 1.2273 aims for a retest of trend line resistance, now at 1.2374

EUR/USD Technical Analysis: Euro Aiming Below 1.22 Anew

The second half of a short EUR/USD position from 1.2407 remains in play after initial profit was booked last week., looking to capture any further weakness. Scaling up exposure seems ill-advised as the FOMC rate decision looms ahead however. The stop-loss will be triggered on a daily close above 1.2446.

EUR/USD TRADING RESOURCES

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

To contact Ilya, use the comments section below or @IlyaSpivakon Twitter

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

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

DISCLOSURES