• 1,075 days Will The ECB Continue To Hike Rates?
  • 1,075 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,077 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,476 days Could Crypto Overtake Traditional Investment?
  • 1,481 days Americans Still Quitting Jobs At Record Pace
  • 1,483 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,486 days Is The Dollar Too Strong?
  • 1,486 days Big Tech Disappoints Investors on Earnings Calls
  • 1,487 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,489 days China Is Quietly Trying To Distance Itself From Russia
  • 1,489 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,493 days Crypto Investors Won Big In 2021
  • 1,494 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,494 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,497 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,497 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,500 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,501 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,501 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,503 days Are NFTs About To Take Over Gaming?
Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

  1. Home
  2. Markets
  3. Other

EUR/USD: Grinding Higher

EUR/USD continues to move towards the high of its horizontal range defined by 1.3503 and 1.3677. Monitor the test of the hourly resistance at 1.3644/1.3651. An hourly support lies at 1.3565 (20/06/2014 low, see also the 61.8% retracement).

In the longer term, the break of the long-term rising wedge (see also the support at 1.3673) indicates a clear deterioration of the technical structure. The long-term downside risk implied by the double-top formation is 1.3379. Key supports can be found at 1.3477 (03/02/2014 low) and 1.3296 (07/11/2013 low).

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment