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

EUR/USD: Clears Resistance at 1.3820

EUR/USD has further improved, breaking out of its short-term declining channel and pushing above near term resistance. Monitor the resistance at 1.3820 (see also 50% retracement). Hourly supports now lie at 1.3820 (old resistance) and 1.3673. Another resistance can be found at 1.3876.

In the longer term, EUR/USD is still in a succession of higher highs and higher lows, suggesting additional upside can be anticipated. A significant resistance now lies at 1.3876 (24/03/2014 high).

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment