• 741 days Will The ECB Continue To Hike Rates?
  • 741 days Forbes: Aramco Remains Largest Company In The Middle East
  • 743 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,143 days Could Crypto Overtake Traditional Investment?
  • 1,148 days Americans Still Quitting Jobs At Record Pace
  • 1,150 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,153 days Is The Dollar Too Strong?
  • 1,153 days Big Tech Disappoints Investors on Earnings Calls
  • 1,154 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,156 days China Is Quietly Trying To Distance Itself From Russia
  • 1,156 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,160 days Crypto Investors Won Big In 2021
  • 1,160 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,161 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,163 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,164 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,167 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,168 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,168 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,170 days Are NFTs About To Take Over Gaming?
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

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: Intraday Bearish Reversal

EUR/USD made an intraday bearish reversal close to the hourly resistances at 1.2943 (15/05/2013 high) and 1.3029 (14/05/2013 high). Monitor the recent low at 1.2797 (17/05/2013 low).

A test of the strong support area between 1.2746 and 1.2662 is expected as long as prices remain below the resistance at 1.3029 (see double-top formation).

In the medium-term, the recent price action from 1.2746 is simply viewed as a corrective phase within a larger downtrend. The recent new lows below 1.2955 suggest the end of the rebound and a minimum return towards 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