• 1,142 days Will The ECB Continue To Hike Rates?
  • 1,142 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,144 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,544 days Could Crypto Overtake Traditional Investment?
  • 1,549 days Americans Still Quitting Jobs At Record Pace
  • 1,551 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,554 days Is The Dollar Too Strong?
  • 1,554 days Big Tech Disappoints Investors on Earnings Calls
  • 1,555 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,557 days China Is Quietly Trying To Distance Itself From Russia
  • 1,557 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,561 days Crypto Investors Won Big In 2021
  • 1,561 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,562 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,564 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,565 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,568 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,569 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,569 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,571 days Are NFTs About To Take Over Gaming?
Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

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: Weakening

EUR/USD continues to weaken, confirming some exhaustion in buying interest. A key support stands at 1.3651 (21/10/2013 low, see also the shorter term rising trendline). Hourly resistances lie at 1.3739 (intraday high) and 1.3785 (30/10/2013 high).

The medium-term remains positive as long as the support at 1.3651 holds. However, the increasing overbought conditions and the key resistance area given by the long-term declining trendline (around 1.3970) and the psychological threshold at 1.4000 should put a cap to the medium-term upside potential.

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment