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
Bearish
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
USD/JPY
Bullish
More View more
Real Time News
  • Use this technical analysis pattern recognition skills test to sharpen your knowledge: https://t.co/Qgz89PTxnu https://t.co/ucc7bSbPhj
  • IG Client Sentiment Update: Our data shows the vast majority of traders in EUR/CHF are long at 74.41%, while traders in France 40 are at opposite extremes with 79.74%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/qBNern9KzG
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.19% 🇨🇦CAD: 0.06% 🇪🇺EUR: 0.04% 🇬🇧GBP: 0.01% 🇦🇺AUD: -0.01% 🇯🇵JPY: -0.01% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/sstttLinxA
  • Heads Up:🇯🇵 Tertiary Industry Index MoM (APR) due at 04:30 GMT (15min) Previous: 1.1% https://www.dailyfx.com/economic-calendar#2021-06-15
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.38% France 40: 0.31% FTSE 100: 0.30% US 500: 0.14% Wall Street: 0.07% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/JRrEqhpvhq
  • (Commodities Brief) Gold Price Outlook: XAU/USD Top in Play as 10-Year Treasury Yield Rebounds? #Gold #XAUUSD #Fed #Bonds https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2021/06/15/Gold-Price-Outlook-XAUUSD-Top-in-Play-as-10-Year-Treasury-Yield-Rebounds.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/PZz6d4GCxt
  • Heads Up:🇮🇩 Balance of Trade (MAY) due at 04:00 GMT (15min) Expected: $2.3B Previous: $2.19B https://www.dailyfx.com/economic-calendar#2021-06-15
  • Get your snapshot update of the of market open and closing times for each major trading hub around the globe here: https://t.co/BgZLFljIhZ https://t.co/dObQjwTEpH
  • Consolidation or bull flag? A bull flag is a continuation pattern that occurs as a brief pause in the trend following a strong price move higher. Learn how to better spot these formations here: https://t.co/yOEvLjKnct https://t.co/K8PLT8SVEb
  • We are within 48 hours of the FOMC rate decision and markets are clearly paying attention. The Dow is struggling while the SPX has edged a fresh record. Meanwhile, the Dollar is a deer in the headlines. I discuss what to expect for Tuesday trade: https://www.dailyfx.com/forex/video/daily_news_report/2021/06/15/Dow-and-SP-500-Diverge-Ahead-of-FOMC-Dollar-Holds-as-Gold-and-Yields-Slide.html https://t.co/J0H5HirVh0
EUR/USD Technical Analysis: Euro Sellers Take Aim at 2019 Bottom

EUR/USD Technical Analysis: Euro Sellers Take Aim at 2019 Bottom

Ilya Spivak, Head Strategist, APAC

EUR/USD TECHNICAL ANALYSIS: BEARISH

  • Euro issues lowest daily close of the year, aims to challenge 2019 low
  • Closing the month below 1.0980 portends deeper losses in September
  • Rebound above 1.1159 needed to invalidate near-term selling pressure

Get help building confidence in your EUR/USD strategy with our free trading guide!

The Euro was rejected lower after yet another foray upward challenging near-term trend resistance set from the late June swing top. Prices slumped back through the 1.11 figure to issue the lowest close yet of 2019, putting the August 1 low at 1.1027 back in sellers’ crosshairs.

Support is reinforced by the 61.8% Fibonacci expansion at 1.1012. A break below that level confirmed on a daily closing basis opens the door for a test of the 76.4% Fib at 1.0955. Neutralizing immediate selling pressure would probably require a close above downtrend resistance, now at 1.1159.

Euro vs US Dollar price chart - daily

Daily EURUSD chart created in TradingView

Turning to the monthly chart, prices are a critical inflection point as August draws to a close. EURUSD is poised to pressure a four-year inflection level at 1.0980. Closing the month below it may set the stage for deeper loses in September, with the next layer of support meaningfully lower in the 1.0459-1.0563 zone.

EUR/USD Technical Analysis: Euro Sellers Take Aim at 2019 Bottom

Monthly EURUSD chart created in TradingView

EUR/USD TRADING RESOURCES

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

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

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

DISCLOSURES