• 806 days Will The ECB Continue To Hike Rates?
  • 806 days Forbes: Aramco Remains Largest Company In The Middle East
  • 808 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,208 days Could Crypto Overtake Traditional Investment?
  • 1,212 days Americans Still Quitting Jobs At Record Pace
  • 1,214 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,218 days Is The Dollar Too Strong?
  • 1,218 days Big Tech Disappoints Investors on Earnings Calls
  • 1,219 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,220 days China Is Quietly Trying To Distance Itself From Russia
  • 1,221 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,225 days Crypto Investors Won Big In 2021
  • 1,225 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,226 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,228 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,228 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,232 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,233 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,233 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,235 days Are NFTs About To Take Over Gaming?
Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

  1. Home
  2. Markets
  3. Other

EUR/USD: Surging Higher Through Its Summer Peaks

EUR/USD have broken the strong resistance area between 1.3417 (19/06/2013 high) and 1.3452 (20/08/2013 high), opening the way for a further short-term rise towards the strong resistance at 1.3711. Hourly supports can be found at 1.3501 (intraday low) and 1.3452 (previous resistance).

The breakout above the strong resistance at 1.3417, following the 50% retracement of the rise from 1.2755 (09/07/2013 low), suggests a medium-term bullish momentum.

In the long-term, the resistance area implied by 1.3711 (01/02/2013 high) and the long-term declining trendline (around 1.4000), associated with increasing overbought conditions, is likely to cap the medium-term upside potential.

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment