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

  • 28 mins Cryptos Resist Social Media Crackdown
  • 1 hour The Death Of Dodd-Frank
  • 2 hours Bitcoin Bounces Back Ahead Of G20 Meeting
  • 3 hours Trump's Trade War Nears Boiling Point
  • 5 hours Will April Be A Turning Point For Precious Metals?
  • 6 hours Economic Pressures Weigh On Banks And Borrowers
  • 8 hours U.S. Political Uncertainty Keeps Stock Markets On Edge
  • 23 hours Gold: The Religion Of Currency
  • 2 days Economists Polarized On Trump’s Tariff Plan
  • 3 days Why Are Investors Overlooking Gold Stocks?
  • 3 days The App That Democratized Trading Is Now Worth $5B
  • 3 days Super-Cycles: Why Gold Is Set For A Breakout
  • 3 days U.S. Sanctions Russia For Election Meddling And Cyberattacks
  • 3 days Snap Shares Tank Over ‘Slap Rihanna’ Campaign
  • 3 days How Low Can Bitcoin Go?
  • 3 days Amazon’s Japan HQ Raided In Anti-Monopoly Push
  • 3 days Is Barrick Gold Close To Finding A Bottom?
  • 4 days Morgan Stanley’s Top 10 Short-Term Stock Picks
  • 4 days China: The Land Of The Ultra-Rich
  • 4 days Alibaba Soars On Reports Of China Listing
Markets Slide Sideways As Trade War Fears Linger

Markets Slide Sideways As Trade War Fears Linger

Despite technology stocks hitting new…

Can This Bull Market Become The Longest In History?

Can This Bull Market Become The Longest In History?

Positive job growth and confident…

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

EUR/USD One-Day Drop Reactives Reversal Pattern

EUR/USD’s one-day drop beneath key level at 1.3460 has reactivated the currency’s multi-month reversal pattern. This was also weighed down by a recent DeMark™ exhaustion signal.

Only a sustained daily close back above 1.3460 unlocks an extended recovery into our upside target zone at 1.3593 (200-day average).

Meanwhile, the bears need to close decisively below 1.3140, then 1.3000 (psychological support), in order to activate an important multimonth reversal pattern into 1.2630 (16 Jan swing low).

Inversely, the USD Index has rebounded sharply from key support at 78.66/10 (04 March low/TD Level) coupled with a DeMark™ buy signal.

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/12 month high).

Daily Technical Report


Read the Report

Back to homepage

Leave a comment

Leave a comment

Sign Up For The Safehaven Newsletter