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

  • 2 hours China’s $33 Trillion Finance Industry Opens To Foreign Investment
  • 3 hours Is Bitcoin Cash Overbought?
  • 4 hours Financial Sector Reports Record Profits
  • 5 hours Iran Bans Crypto Amid Currency Crisis
  • 6 hours Markets On Edge As Treasury Yields Spike
  • 7 hours Silver Pulls Back Following Breakout Week
  • 8 hours Wells Fargo Receives Record-Breaking $1 Billion Fine
  • 10 hours Market Sentiment Slips Ahead Of Tech Earning Reports
  • 1 day The Trillion Dollar Space Race
  • 2 days The FANG Stock Investors Should Avoid
  • 3 days Is This The Death Of The iPhone X?
  • 3 days Is London Still The Financial Capital Of The World?
  • 3 days Is Gold Staging A Comeback?
  • 3 days The $200 Million ‘Golden Parachute’ For Rupert Murdoch
  • 3 days Bitcoin’s Breakout Is Not As Bullish As it Seems
  • 3 days Farmers On Edge As Trade War Hits U.S. Grain Shipments
  • 3 days Is Silver Poised For A Massive Break Out?
  • 4 days Meet The Hedge Fund Billionaires Club
  • 4 days The Next Housing Crisis Could Be Right Around The Corner
  • 4 days Cartel's, Pirates And Corruption Cost Mexico $1.6 Billion Per Year
Tech Giants Rally Ahead Of Earnings Reports

Tech Giants Rally Ahead Of Earnings Reports

Earning season has just begun,…

Investors Bullish As Earnings Season Kicks Off

Investors Bullish As Earnings Season Kicks Off

The first round of earnings…

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: Digesting It's Recent Sharp Rise

EUR/USD's technical pattern still indicates a short-term corrective phase as long as the support at 1.3452 (previous resistance, see also the rising trendline and the 50%retracement) holds. An initial support lies at 1.3480 (23/09/2013 low, see also 38.2% retracement). A resistance stands at 1.3569 (19/09/2013 high).

The breakout above the strong resistance at 1.3417, following the 50% retracement of the rise from 1.2755 (09/07/2013 low) at 1.3105, suggests a medium-term bullish momentum. A move towards the strong resistance at 1.3711 is likely.

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 put a cap to the medium-term upside potential.

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment