• 261 days Will The ECB Continue To Hike Rates?
  • 262 days Forbes: Aramco Remains Largest Company In The Middle East
  • 264 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 663 days Could Crypto Overtake Traditional Investment?
  • 668 days Americans Still Quitting Jobs At Record Pace
  • 670 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 673 days Is The Dollar Too Strong?
  • 673 days Big Tech Disappoints Investors on Earnings Calls
  • 674 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 676 days China Is Quietly Trying To Distance Itself From Russia
  • 676 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 680 days Crypto Investors Won Big In 2021
  • 680 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 681 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 683 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 684 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 687 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 688 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 688 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 690 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

EUR/USD: Declining Towards Its Recent Lows

EUR/USD has failed to confirm its move above the resistance at 1.3845 (20/03/2014 high). Prices are now declining towards the support at 1.3749. Another support stands at 1.3643. Resistances can be found at 1.3876 (see also the declining trendline) and 1.3948 (17/03/2014 high).

In the medium-term, the break of the support at 1.3834 (11/03/2014 low, see also the rising channel) coupled with general overbought conditions favour a move lower towards the support at 1.3643. The recent high at 1.3967 is likely to act as a strong resistance.

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment