• 1,073 days Will The ECB Continue To Hike Rates?
  • 1,073 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,075 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,475 days Could Crypto Overtake Traditional Investment?
  • 1,479 days Americans Still Quitting Jobs At Record Pace
  • 1,481 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,484 days Is The Dollar Too Strong?
  • 1,485 days Big Tech Disappoints Investors on Earnings Calls
  • 1,486 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,487 days China Is Quietly Trying To Distance Itself From Russia
  • 1,488 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,492 days Crypto Investors Won Big In 2021
  • 1,492 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,493 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,495 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,495 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,499 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,499 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,499 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,502 days Are NFTs About To Take Over Gaming?
How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

  1. Home
  2. Markets
  3. Other

EURO Rebound Targets Key Level at 1.3291

EUR/USD’s latest rebound is extending higher and targeting key level at 1.3291 (09th March high).

Only a confirmation back above 1.3291 and 1.3436/60 unlocks an extended recovery into our upside target zones at 1.3630 and 1.3628 (200-day average).

Meanwhile, the bears need to close decisively below 1.3140, then 1.3000 (psychological support), in order to reopen further downside risk into 1.2630 (16 Jan swing low).

Inversely, the USD Index is continuing to hold steady above key support at 79.07 (08 March low).

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 the bullish cycle into 80.73 (15th March high) and 81.78 (13th Jan swing high).

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment