• 659 days Will The ECB Continue To Hike Rates?
  • 659 days Forbes: Aramco Remains Largest Company In The Middle East
  • 661 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,061 days Could Crypto Overtake Traditional Investment?
  • 1,066 days Americans Still Quitting Jobs At Record Pace
  • 1,067 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,071 days Is The Dollar Too Strong?
  • 1,071 days Big Tech Disappoints Investors on Earnings Calls
  • 1,072 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,073 days China Is Quietly Trying To Distance Itself From Russia
  • 1,074 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,078 days Crypto Investors Won Big In 2021
  • 1,078 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,079 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,081 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,081 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,085 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,086 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,086 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,088 days Are NFTs About To Take Over Gaming?
Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

  1. Home
  2. Markets
  3. Other

EUR/USD: Monitor Yesterday's Intraday Bearish Reversal

EUR/USD weakened yesterday close to the resistance at 1.3685 (50% retracement), making an intraday bearish reversal. A break of the hourly support at 1.3609 would negate the shortterm positive structure. Another hourly support lies at 1.3552. A key resistance stands at 1.3739.

In the longer term, we favour a broad horizontal range between 1.3296 (07/11/2014 low) and 1.3893 (27/12/2013 high) with a bearish bias. As a result, a gradual decline towards the low of this range is favoured. A first key support is given by the 200 day moving average (around 1.3396).

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment