• 1,031 days Will The ECB Continue To Hike Rates?
  • 1,032 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,034 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,433 days Could Crypto Overtake Traditional Investment?
  • 1,438 days Americans Still Quitting Jobs At Record Pace
  • 1,440 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,443 days Is The Dollar Too Strong?
  • 1,443 days Big Tech Disappoints Investors on Earnings Calls
  • 1,444 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,446 days China Is Quietly Trying To Distance Itself From Russia
  • 1,446 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,450 days Crypto Investors Won Big In 2021
  • 1,450 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,451 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,453 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,454 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,457 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,458 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,458 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,460 days Are NFTs About To Take Over Gaming?
Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

  1. Home
  2. Markets
  3. Other

EUR/USD: The Support at 1.2877 is Challenged

EUR/USD has declined near the support at 1.2877 (07/12/2012 low). Resistances for a bounce can be found at 1.2997 (intraday low) and 1.3046 (intraday low).

The technical improvements, exhibited with the rise from 1.2043 (24/07/2012 low) to 1.3711 (01/02/2013 high), are put in doubt with the bearish breakout at 1.2998 (04/01/2013 low). Monitor the key supports at 1.2877 (07/12/2012 low, see also 50% retracement of the aforementioned rise) and 1.2662 (13/11/2012 low, see also 61.8% retracement of the aforementioned rise).

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment