• 756 days Will The ECB Continue To Hike Rates?
  • 757 days Forbes: Aramco Remains Largest Company In The Middle East
  • 758 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,158 days Could Crypto Overtake Traditional Investment?
  • 1,163 days Americans Still Quitting Jobs At Record Pace
  • 1,165 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,168 days Is The Dollar Too Strong?
  • 1,168 days Big Tech Disappoints Investors on Earnings Calls
  • 1,169 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,171 days China Is Quietly Trying To Distance Itself From Russia
  • 1,171 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,175 days Crypto Investors Won Big In 2021
  • 1,175 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,176 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,178 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,179 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,182 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,183 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,183 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,185 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

Daily Technical Report

EUR/USD extended sharply higher, as six central banks, reduced their USD funding costs to ease the debt crisis. The impact was very positive for investors around the world and has encouraged traditional "risk appetite" markets, such as EUR/USD, AUD/USD and S&P500 to turn back higher.

Expect the recovery to be limited into 1.3610, then 1.3730 and perhaps even 1.3850-90. Probability still favours a bearish reversal at these levels.

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment