EUR/USD Weekly Technical Outlook: Will the Euro Cooperate and Break 11500?

EUR/USD Technical Highlights: EUR/USD on the verge of testing the all-important 11500 level A break will have the euro rolling downhill, while… A hold will bring further digestion, possible descending wedge See what is driving EUR/USD on a fundamental basis and our intermediate-term techncial perspective in the DailyFX Q3 Euro Forecast. The euro attempted to […]

EUR/USD Weekly Technical Outlook – Euro Coiling Price Action is a Good Thing

EUR/USD Technical Highlights: Euro price action continues to contract Waiting for one side of triangle/wedge to give-way 11500-line extremely important Check out our intermediate-term fundamental and technical perspective on EUR/USD in the recently released DailyFX Q3 Euro Forecast. Choppy, contracting price action (wedge/triangle building) can put a trader’s patience to the test, but instead of […]

EUR/USD Weekly Technical Outlook: Strong Euro Thesis Growing Legs

EUR/USD Technical Highlights: EUR/USD continues to hold major support around 11500 Descending wedge has a bearish tilt to it, but… We we’ll run with a top-side breakout should it develop US Dollar Index (DXY) posted back-to-back bearish reversal bars To see our intermediate-term fundamental and technical perspective on EUR/USD, check out our just released DailyFX […]

EUR/USD Weekly Technical Outlook: ECB Slams Euro Back Down to Support

EUR/USD Technical Highlights: EUR/USD gets clobbered back down to support Looking for some back-and-filling as market digests ECB Overall, bias is for rallies to fail but not full-on bearish until support breaks Whether you are looking for trading forecasts for the Euro or another currency, trade ideas, or educational guides, we’ve got you covered on […]

Euro Up as Italy Fears Fade, Canadian Dollar Falls with Crude Oil

TALKING POINTS – ITALY, EURO, SWISS FRANC, CANADIAN DOLLAR, CRUDE OIL Euro soars as Italy’s Mattarella vetoes eurosceptic cabinet nominee Swiss Franc retreats, Aussie and NZ Dollars rise as sentiment firms Canadian Dollar sinks as crude oil prices continue Friday’s selloff The Euro traded sharply higher to start the week after Italian President Sergio Mattarella […]