• 553 days Will The ECB Continue To Hike Rates?
  • 553 days Forbes: Aramco Remains Largest Company In The Middle East
  • 555 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 955 days Could Crypto Overtake Traditional Investment?
  • 960 days Americans Still Quitting Jobs At Record Pace
  • 962 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 965 days Is The Dollar Too Strong?
  • 965 days Big Tech Disappoints Investors on Earnings Calls
  • 966 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 968 days China Is Quietly Trying To Distance Itself From Russia
  • 968 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 972 days Crypto Investors Won Big In 2021
  • 972 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 973 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 975 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 976 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 979 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 980 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 980 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 982 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

Daily Technical Report

EUR/USD: Resuming sharp reversal into 1.3140. First objective met, stop moved to entry.

EUR/USD is resuming its sharp reversal from key overhead resistance (primarily an important 2 year trend-line).

The dramatic move has confirmed the emotionally charged bull-trap that we had anticipated, which has been driven by recent positive EU News.

Yesterday's break under 1.3653 (18th Oct low) unlocks further downside scope into 1.3146 (Oct swing low) and that all-important psychological level at 1.3000.

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment