• 1,025 days Will The ECB Continue To Hike Rates?
  • 1,025 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,027 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,427 days Could Crypto Overtake Traditional Investment?
  • 1,432 days Americans Still Quitting Jobs At Record Pace
  • 1,434 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,437 days Is The Dollar Too Strong?
  • 1,437 days Big Tech Disappoints Investors on Earnings Calls
  • 1,438 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,440 days China Is Quietly Trying To Distance Itself From Russia
  • 1,440 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,444 days Crypto Investors Won Big In 2021
  • 1,444 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,445 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,447 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,448 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,451 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,452 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,452 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,454 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…

Strong U.S. Dollar Weighs On Blue Chip Earnings

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

  1. Home
  2. Markets
  3. Other

EUR/USD: Making New Lows

EUR/USD is moving below its support at 1.2844, which calls for further weakness towards the next key support at 1.2662 (13/11/2012 low). An hourly resistance is at 1.2890 (26/03/2013 high). Another resistance is at 1.3048 (25/03/2013 high).

In the longer-term, the succession of lower highs since 1 February and the recent new lows below the key support at 1.2877 (07/12/2012 low, see also 200 day moving average) suggest that the rise from July 2012 has made its top at 1.3711. Monitor the key support at 1.2662 (13/11/2012 low).

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment