Skip to Content
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
More View More
USD Pairs: EUR/USD, GBP/USD Technical Analysis & More

USD Pairs: EUR/USD, GBP/USD Technical Analysis & More

Paul Robinson,
What's on this page

The Euro is in a tough spot, with it trending higher off last month’s low, but doing so within the scope of a broader downtrend. Right now, it is flirting with breaking the trend-line off the October low, and if it does a break through 11072 could have EUR/USD once again rolling downhill towards the lows under 10900.

A hold onto the current uptrend will leave the upside intact and could soon have the Euro attacking the 200-day/Sep ’18 trend-line. If it is reached it will be a big spot to watch how price action plays out. A strong rejection will be noted as possibly marking another intermediate-term swing-high, while a punch through brings to the light the possibility of a larger trend reversal.

For now, giving the benefit of the doubt to the downside until the Euro can prove itself to the top-side.

EUR/USD Daily Chart (watch lower t-line/10729, t-line/200-day)

EUR/USD Daily Chart (watch lower t-line/10729, t-line/200-day)

GBP/USD is doing a good job so far of holding onto last month’s surge, currently working on a triangle formation on the upper parallel tied to the trend-line off the October low. A little more time will do the development of the pattern some good before reaching the apex and price breaking out. A bullish break will have the May high at 13176 targeted next as resistance.

GBP/USD Daily Chart (holding onto rally well so far)

GBP/USD Daily Chart (holding onto rally well so far)

For the full set of technical details and charts, check out the video above…

Resources for Index & Commodity Traders

Whether you are a new or an experienced trader, DailyFX has several resources available to help you; indicator for tracking trader sentiment, quarterly trading forecasts, analytical and educational webinars held daily, and trading guides to help you improve trading performance.

We also have a series of guides for those looking to trade specific markets, such as the S&P 500, Dow, DAX, gold, silver, crude oil, and copper.

---Written by Paul Robinson, Market Analyst

You can follow Paul on Twitter at @PaulRobinsonFX

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