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
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here:
  • The Federal Reserve rate decision is likely to sway the near-term outlook for the price of gold as the central bank appears to be on track to scale back monetary support. Get your weekly gold forecast from @DavidJSong here:
  • Forex liquidity makes it easy for traders to sell and buy currencies without delay, and also creates tight spreads for favorable quotes. Low costs and large scope to various markets make it the most frequently traded market in the world. Learn more here:
  • Forex quotes reflect the price of different currencies at any point in time. Since a trader’s profit or loss is determined by movements in price, it is essential to develop a sound understanding of how to read currency pairs. Learn how to read quotes here:
  • A currency carry trade involves borrowing a low-yielding currency in order to buy a higher yielding currency in an attempt to profit from the interest rate differential. Find out if the carry trade suits your trading style here:
  • Get your snapshot update of the of top level exchanges and key index performance from around the globe here:
  • RT @FxWestwater: Japanese Yen Forecast: JPY Crosses Eye BoJ, CPI as Haven Flows Bolster Yen Strength Link: https:/…
  • Traders utilize varying time frames to speculate in the forex market. The two most common are long- and short-term-time frames which transmits through to trend and trigger charts. Learn more about time-frame analysis here:
  • Stocks appear to be in a corrective phase but could get put to the test; levels and lines to watch in the days ahead. Get your weekly equities forecast from @PaulRobinsonFX here:
  • Currency exchange rates are impacted by several factors. Are different world leaders a contributing factor? Find out here:
EUR/USD Technical Analysis: Sellers Try to Clear a Path Below 1.10

EUR/USD Technical Analysis: Sellers Try to Clear a Path Below 1.10

Ilya Spivak, Head Strategist, APAC

EUR/USD Technical Strategy: BEARISH

  • Euro recoils from 14-month downtrend resistance vs US Dollar
  • Weekly chart hints prices setting the stage for a move sub-1.10
  • Confirmation sought following the passing of critical event risk

Build confidence in your Euro trading strategy with our free guide!

The Euro recoiled from resistance guiding it lower against the US Dollar since January 2018, as expected. Prices have now broken past key support in the 1.1216-34 area underpinning the choppy range capping losses since early November. That has exposed the next downside barrier in the 1.1110-32 zone.

Euro vs US Dollar chart - daily

Zooming out to the weekly chart, the picture looks still more ominous for the single currency. That reveals prices are on the verge of clearing a support shelf in play since mid-August. A successful breach faces relatively mild support thereafter until the 1.0829-1.0912 zone comes into play.

EUR/USD Technical Analysis: Sellers Try to Clear a Path Below 1.10

That seems to lay the groundwork for what may be a pronounced decline in the weeks and months ahead. Immediate event risk by way of US jobs data might limit immediate sellers’ conviction in the near term however, sapping follow-through. If the weekly close confirms a breakout however, that could change.


--- Written by Ilya Spivak, Currency Strategist for

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

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