• 787 days Will The ECB Continue To Hike Rates?
  • 787 days Forbes: Aramco Remains Largest Company In The Middle East
  • 789 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,189 days Could Crypto Overtake Traditional Investment?
  • 1,194 days Americans Still Quitting Jobs At Record Pace
  • 1,196 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,199 days Is The Dollar Too Strong?
  • 1,199 days Big Tech Disappoints Investors on Earnings Calls
  • 1,200 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,202 days China Is Quietly Trying To Distance Itself From Russia
  • 1,202 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,206 days Crypto Investors Won Big In 2021
  • 1,206 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,207 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,209 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,210 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,213 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,214 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,214 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,216 days Are NFTs About To Take Over Gaming?
How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

  1. Home
  2. Markets
  3. Other

EUR/USD: Digesting its Recent Sharp Rise

EUR/USD is consolidating after its sharp rise. Resistances can be found at 1.3207 (11/07/2013 high) and 1.3254 (21/06/2013 high). Hourly supports are at 1.3006 and 1.2928 (61.8% retracement of the recent rise).

The sharp bounce near the support at 1.2746 (04/04/2013 low) is likely to lead to a phase of sideways moves in the next few weeks.

In the medium-term, the rise from 1.2746 (04/04/2013 low) is viewed as a corrective phase within a larger downtrend. Therefore, we eventually expect to see prices moving below the key support at 1.2662 (13/11/2012 low). The recent sharp rebound near the support at 1.2746 does not change this scenario.

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment