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
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
GBP/USD
Bullish
USD/JPY
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
Bullish
Oil - US Crude
Bullish
Bitcoin
Mixed
More View more
Breaking news

US and Chinese Negotiators are Reportedly Planning to Delay December Tariffs - WSJ

Real Time News
  • Kudlow: - US is doing well amid a global slowdown - Central banks should worry more about providing ample liquidity than controlling rates
  • Eyes on the final YouGov MRP Poll at 2200GMT YouGov Nov 27th - Con: 359 - Labour: 211 - SNP: 43 - Lib Dems: 13 Datapraxis Dec 7th - Con: 344 - Labour: 221 - SNP: 47 - Lib Dems: 12 Bookmaker: Sporting Index - Con: 340-346 - Labour: 215-221 - SNP: 43-45 - Lib Dems: 17-21
  • Update on #Cryptocurrencies (24H Change) #BITCOIN -2.88% #BITCOINCASH -2.44% #ETHEREUM -2.17% #RIPPLE -2.24% #LITECOIN -1.58%
  • RT @chriscurtis94: The next voting intention you will see from @YouGov will be with our MRP at 10PM. The computer is still calculating th…
  • Kudlow: - USMCA includes provision for forex stability
  • Kudlow: - USMCA to bring investment that may not have come otherwise - USMCA is better & broader than NAFTA
  • Forex Update: As of 15:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.19% 🇬🇧GBP: 0.19% 🇪🇺EUR: 0.17% 🇯🇵JPY: -0.07% 🇳🇿NZD: -0.12% 🇦🇺AUD: -0.21% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/QYEPPPB9jm
  • RT @MacroCharts: Equity Positioning (updated). For months I've noted that HFs were completely out of Stocks and would (likely) need to cha…
  • RT @USTradeRep: When NAFTA was negotiated, the digital revolution was in its infancy. The agreement did not specifically address digital tr…
  • Indices Update: As of 15:00, these are your best and worst performers based on the London trading schedule: France 40: 0.09% US 500: 0.09% Wall Street: -0.00% Germany 30: -0.36% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/SRjBeURWT8
Weekly Trade Levels for DXY, EUR/USD, USD/CAD, Gold, Crude Oil & More

Weekly Trade Levels for DXY, EUR/USD, USD/CAD, Gold, Crude Oil & More

2019-02-11 16:00:00
Michael Boutros, Technical Strategist
Share:

New to Forex Trading? Get started with this Free Beginners Guide

Euro Testing Make-or-Break Support

We’ve been discussing a key support zone at the 1.13-handle in EUR/USD for the past few months and price is testing this critical zone at the January lows to start the week. The focus is on a reaction off this zone with the immediate short-bias at risk while above. In this webinar we review updated technical setups on DXY, EUR/USD, USD/JPY, USD/CAD, Gold, Crude Oil (WTI), USD/CHF, EUR/AUD, GBP/AUD, and AUD/USD.

Why does the average trader lose? Avoid these Mistakes in your trading

Key Levels in Focus

DXY – Rally testing January highs at 96.96 – subsequent resistance at 97.20 and the December high-day close at 97.42 (both levels of interest for exhaustion IF reached). Interim support 96.45 with bullish invalidation at 96.26.

EUR/USD – Focus is on a critical support zone at 1.1290-1.13. Looking for a definitive reaction off this region with a break / close below needed to keep the short-bias viable. Near-term bearish invalidation at 1.1375. A break lower targets 1.1233.

Gold – Rally remains at risk near-term sub-1321. Interim support 1302 backed by 1295. Topside breach targets 1342 & the 2018 HDC at 1348.

Crude Oil – Near-term focus is lower sub-53 with bearish invalidation at 53.80. Initial support targets at 51.40 and 50.61.

For a complete breakdown of Michael’s trading strategy, review his Foundations of Technical Analysis series on Building a Trading Strategy

Key Event Risk This Week

Economic Calendar

Economic Calendar - latest economic developments and upcoming event risk

Active Trade Setups:

Learn how to Trade with Confidence in our Free Trading Guide

---Written by Michael Boutros, Currency Strategist with DailyFX

Follow Michael on Twitter @MBForex

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

DISCLOSURES

News & Analysis at your fingertips.