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

  • 1 hour The Calm Before The Storm In Tech Stocks
  • 3 hours Japan Scrambles To Dodge Trump’s Trade War
  • 18 hours Big Banks Double Down On Crypto Ambitions
  • 19 hours Investor Debt Outpaces S&P 500 Growth
  • 20 hours Will Bitcoin Ever Dethrone Gold?
  • 21 hours China's Orwellian Social Media Machine
  • 22 hours What Sparked Russia’s Gold Buying Spree?
  • 1 day The War For "White Petroleum"
  • 1 day Stock Market Bulls Are Running Out Of Steam
  • 1 day Crypto Stocks Poised To Bounce Back
  • 2 days The Five Biggest Bubbles In Stock Market History
  • 2 days Was Finland’s Universal Basic Income Program A Failure?
  • 2 days China Goes Long On Gold
  • 2 days Is It Wise To Trade The Trump Effect?
  • 2 days The Tech That Telecom Giants Fear Most
  • 2 days China’s EV Industry Is Booming
  • 2 days How Will Gold React As North Korean Tensions Cool?
  • 2 days Is This The Biggest Mining Opportunity Of 2018?
  • 3 days China’s $33 Trillion Finance Industry Opens To Foreign Investment
  • 3 days Is Bitcoin Cash Overbought?
The FANG Stock Investors Should Avoid

The FANG Stock Investors Should Avoid

Thanks to a private data…

Is It Wise To Trade The Trump Effect?

Is It Wise To Trade The Trump Effect?

President Donald Trump has an…

Stock Market Bulls Are Running Out Of Steam

Stock Market Bulls Are Running Out Of Steam

Despite a recent correction in…

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: A New Bearish Phase Has Likely Started

EUR/USD declined yesterday. Supports at 1.3326 (18/06/2013 low, see also the rising trendlines) and 1.3266 have been broken. Given the short-term overbought conditions, a new bearish phase has likely started. Supports are at 1.3178 and 1.3042. An hourly resistance can be found at 1.3326 (18/06/2013 low).

In the medium-term, the recent price action from 1.2746 (04/04/2013 low) is viewed as a corrective phase within a larger downtrend. The high at 1.3417 (19/06/2013 high) following Bernanke's comments is likely a significant top.

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment