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.

Free Trading Guides
EUR/USD
Mixed
GBP/USD
Mixed
USD/JPY
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
Gold
Bullish
Oil - US Crude
Bearish
Bitcoin
Mixed
More View more
Real Time News
  • The $USD might be in the process of reversing its two-year uptrend, but technical positioning cautions eager sellers against over-committing. Get your $DXY market update from @IlyaSpivak here: https://t.co/RrifbHfNut https://t.co/VMPintsxrU
  • LIVE NOW: Join Senior Strategist @IlyaSpivak as he discusses the outlook for the financial markets in the week ahead! Register here: https://www.dailyfx.com/webinars/889679267?utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • New Zealand’s Credit Card Spending (YoY) (SEP) Actual: 4.8% Est: N/A Previous: 6.0% #NZD
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.04%, while traders in Germany 30 are at opposite extremes with 78.67%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/IiZHpM8u3p
  • Heads up: New Zealand’s Credit Card Spending (YoY) (SEP) is due at 2:00 GMT (15 min) Est: N/A Previous: 6.0% #NZD
  • Heads Up:🇳🇿 NZD Credit Card Spending (YoY) (SEP) due at 02:00 GMT (15min), Actual: N/A Expected: N/A Previous: 6.0% https://www.dailyfx.com/economic-calendar#2019-10-21
  • China’s New Home Prices (MoM) (SEP) Actual: 0.53% Est: N/A Previous: 0.58% China’s 1-Year Loan Prime Rate (OCT) Actual: 4.20% Est: 4.15% Previous: 4.20% And China’s CNY 5-Year Loan Prime Rate (OCT) Actual: 4.85% Est: 4.83% Previous: 4.85% #CNY
  • LIVE IN 30 MIN: Join Senior Strategist @IlyaSpivak as he discusses the outlook for the financial markets in the week ahead! Register here: https://www.dailyfx.com/webinars/889679267?utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • Heads Up:🇨🇳 CNY 5-Year Loan Prime Rate (OCT) due at 01:30 GMT (15min), Actual: N/A Expected: 4.83% Previous: 4.85% https://www.dailyfx.com/economic-calendar#2019-10-21
  • Heads Up:🇨🇳 CNY 1-Year Loan Prime Rate (OCT) due at 01:30 GMT (15min), Actual: N/A Expected: 4.15% Previous: 4.2% https://www.dailyfx.com/economic-calendar#2019-10-21
Retail FX Add to EURUSD Shorts on Approach to Former Trend Support

Retail FX Add to EURUSD Shorts on Approach to Former Trend Support

2014-02-13 19:00:00
Christopher Vecchio, CFA, Sr. Currency Strategist
Share:
ssi_eur-usd_1_body_Picture_40.png, Retail FX Add to EURUSD Shorts on Approach to Former Trend Support

To be added to Christopher’s e-mail distribution list, please fill out this form.

EURUSDThe retail forex crowd has sold aggressively into the recent Euro rally against the US Dollar, and the buildup of US Dollar longs elsewhere suggests the rebound could gather pace.

Trade Implications – EURUSD: The EURUSD is approaching a key area near $1.3680, the confluence of the rising trendline off of the July and November 2013 lows and the falling trendline off of the December 2013 and January 2014 highs. Price has treated this level as resistance thus far and a weekly close above would suggest that the recent downtrend might be exhausted.

Read more: EUR/USD Returns to Weekly Highs – Is EUR/AUD Next to Follow?

--- Written by Christopher Vecchio, Currency Analyst

ssi_eur-usd_1_body_x0000_i1030.png, Retail FX Add to EURUSD Shorts on Approach to Former Trend Support

Automate our SSI-based trading strategies via Mirror Trader free of charge

To contact Christopher Vecchio, e-mail cvecchio@dailyfx.com

Follow him on Twitter at @CVecchioFX

To be added to Christopher’s e-mail distribution list, please fill out this form

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

DISCLOSURES

News & Analysis at your fingertips.