• 1,224 days Will The ECB Continue To Hike Rates?
  • 1,225 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,226 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,626 days Could Crypto Overtake Traditional Investment?
  • 1,631 days Americans Still Quitting Jobs At Record Pace
  • 1,633 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,636 days Is The Dollar Too Strong?
  • 1,636 days Big Tech Disappoints Investors on Earnings Calls
  • 1,637 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,639 days China Is Quietly Trying To Distance Itself From Russia
  • 1,639 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,643 days Crypto Investors Won Big In 2021
  • 1,643 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,644 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,646 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,647 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,650 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,651 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,651 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,653 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…

  1. Home
  2. Markets
  3. Other

EUR/USD - Challenging a Strong Support Area

EUR/USD continues to decline and is now testing the strong support area between 1.2755 and 1.2662. The short-term momentum is negative as long as prices remain below the hourly resistance at 1.2901 (23/09/2014 high). An initial resistance can be found at 1.2816 (22/09/2014 low).

In the longer term, EUR/USD is in a succession of lower highs and lower lows since May 2014. The strong support area between 1.2755 (09/07/2013 low) and 1.2662 (13/11/2012 low) is challenged. An eventual break lower is expected. A resistance lies at 1.2995 (16/09/2014 high).

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment