• 778 days Will The ECB Continue To Hike Rates?
  • 778 days Forbes: Aramco Remains Largest Company In The Middle East
  • 780 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,180 days Could Crypto Overtake Traditional Investment?
  • 1,185 days Americans Still Quitting Jobs At Record Pace
  • 1,187 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,190 days Is The Dollar Too Strong?
  • 1,190 days Big Tech Disappoints Investors on Earnings Calls
  • 1,191 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,193 days China Is Quietly Trying To Distance Itself From Russia
  • 1,193 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,197 days Crypto Investors Won Big In 2021
  • 1,197 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,198 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,200 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,201 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,204 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,205 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,205 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,207 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…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

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