• 1,166 days Will The ECB Continue To Hike Rates?
  • 1,166 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,168 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,568 days Could Crypto Overtake Traditional Investment?
  • 1,573 days Americans Still Quitting Jobs At Record Pace
  • 1,575 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,578 days Is The Dollar Too Strong?
  • 1,578 days Big Tech Disappoints Investors on Earnings Calls
  • 1,579 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,581 days China Is Quietly Trying To Distance Itself From Russia
  • 1,581 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,585 days Crypto Investors Won Big In 2021
  • 1,585 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,586 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,588 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,589 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,592 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,593 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,593 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,595 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

EUR/USD: Making New Highs

EUR/USD is breaking to the upside out of its horizontal range defined by the support at 1.3249 (11/01/2013 low) and the resistance at 1.3404. The symmetrical triangle favours a move towards 1.3538. A key resistance is at 1.3487 (24/02/2012 high). A support lies at 1.3350 (intraday low).

The higher low in July 2012 (compared to July 2010) and the recent new high above the strong resistance at 1.3172 suggest an improvement of the underlying trend. Strong resistances can be found at 1.3487 and 1.4247 (27/10/2011 high).

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment