"No warning can save people determined to grow suddently rich" - Lord Overstone

  • 9 hours Meet The Hedge Fund Billionaires Club
  • 10 hours The Next Housing Crisis Could Be Right Around The Corner
  • 11 hours Cartel's, Pirates And Corruption Cost Mexico $1.6 Billion Per Year
  • 12 hours Africa’s Fastest Growing Economy
  • 13 hours The Blockchain Boom Hits The Utilities Sector
  • 15 hours Why Smart Money Is Selling Off Right Before The Bell
  • 17 hours Tech Giants Rally Ahead Of Earnings Reports
  • 1 day Global Debt Hits 225% Of GDP
  • 1 day The World’s First Trillionaire Will Be A Space Miner
  • 1 day How Student Debt Could Cause The Next Real Estate Crisis
  • 2 days This $550 Billion Industry Is Betting On Bitcoin
  • 2 days One Commodity Set To Soar On Russian Sanctions
  • 2 days China’s New Car-Market Rules
  • 2 days Oligarch Risk: The New Red Flag For Investors
  • 2 days Five Things To Consider Before Investing In An IPO
  • 2 days Investors Bullish As Earnings Season Kicks Off
  • 2 days Nearly One-Third Of U.S. Lottery Winners Declare Bankruptcy
  • 3 days Is Facebook Still A Buy?
  • 3 days Will Blockchain Stocks Ever Bounce Back?
  • 3 days Geopolitical Tensions Fail To Boost Gold Prices
Oligarch Risk: The New Red Flag For Investors

Oligarch Risk: The New Red Flag For Investors

Investors are scrambling to diversify…

One Commodity Set To Soar On Russian Sanctions

One Commodity Set To Soar On Russian Sanctions

The recent sanctions on Russia's…

MIG Bank

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

More Info

Euro Maintains Short-Term Downtrend

EUR/USD is still maintaining its short-term downtrend from late February, while capped beneath last Friday’s high.

The bears need to close decisively below 1.3000 (psychological support), in order to open further downside risk into 1.2630 (16 Jan swing low).

Only a confirmation back above 1.3291 (09th March high) and 1.3436/60 unlocks an extended recovery into our upside target zones at 1.3630 and 1.3638 (200-day average).

Inversely, the USD Index is continuing to hold its short-term uptrend which had been launched from key support at 78.25.

Expect this level to act as one of the last points of defence for a relaunch of the greenback’s recovery which is still part of our bullish cycle strategy for a further 20% gain over the multi-month period.

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment