• 695 days Will The ECB Continue To Hike Rates?
  • 695 days Forbes: Aramco Remains Largest Company In The Middle East
  • 697 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,097 days Could Crypto Overtake Traditional Investment?
  • 1,101 days Americans Still Quitting Jobs At Record Pace
  • 1,103 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,107 days Is The Dollar Too Strong?
  • 1,107 days Big Tech Disappoints Investors on Earnings Calls
  • 1,108 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,109 days China Is Quietly Trying To Distance Itself From Russia
  • 1,110 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,114 days Crypto Investors Won Big In 2021
  • 1,114 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,115 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,117 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,117 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,121 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,122 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,122 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,124 days Are NFTs About To Take Over Gaming?
The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

  1. Home
  2. Markets
  3. Other

EUR/USD: Deeper Correction

EUR/USD bearish momentum has stalled around support at 1.3820 (old resistance). Failure to find support here, followed by a clear break under 1.3820 (02/02/2014) region, will warn of a larger downside corrective phase to 1.3673.

In the longer term, EUR/USD is still in a dominate uptrend, 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