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

  • 17 hours Why The Next Oil Boom Will Be Fueled By Blockchain
  • 20 hours 5 Things Investors Should Know About China this New Year
  • 22 hours Is The South Korean Crypto-Drama Finally Over?
  • 23 hours Miners’ Rally? What Rally? Watch Out for More Fake Moves!
  • 1 day Four Percent 10-year Note Yield Will Be a Floor Not a Ceiling
  • 1 day The End Is Near
  • 2 days 5 Record Breaking Gemstones Even Billionaires Can’t Buy
  • 2 days Irredeemable Currency De-tooths Savers
  • 2 days CFTC Offers Bounty For Crypto Pump And Dump Whistleblowers
  • 2 days Have You Been Getting Run Over By This Stock Market Action?
  • 2 days Decision Time
  • 2 days 1 Week Later, Risk Remains ‘On’ as 2 of 3 Amigos Ride On
  • 3 days The Most Polarized Commodity Ever
  • 3 days Commodity Coins and Us: What To Expect From The "Tokenization of Everything"
  • 3 days U.S. Dollar Bull and Bear Markets
  • 3 days GLD May Not Yet Be Ready To Break Out
  • 5 days Permanent Market Support Operations
  • 6 days Bitcoin Was Only The Beginning…
  • 7 days Signs of the Times
  • 7 days Oversold XLE into Seasonal Low
10-Year Yields Move into Overbought Territory

10-Year Yields Move into Overbought Territory

The rise in Treasury Bond…

Why The Next Oil Boom Will Be Fueled By Blockchain

Why The Next Oil Boom Will Be Fueled By Blockchain

As blockchain tech works its…

Signs of the Times

Signs of the Times

We have been watching for…

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: Grinding Higher

EUR/USD's rise is still viewed as a short-term rebound and is now close to the resistance area defined by the 61.8% retracement at 1.3627 and 1.3651 (21/10/2013 low). An initial support lies at 1.3558 (27/11/2013 low). Other supports are at 1.3490 (25/11/2013 low, see also the rising trendline) and 1.3400 (21/11/2013 low).

In the longer term, the decisive break of the strong support at 1.3462 (see also the rising channel) suggests that a significant top at 1.3832 has been made and favours the start of a new phase of weakness. A gradual decline towards the key support at 1.3105 (06/09/2013 low) is likely.

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment




Don't Miss A Single Story