• 683 days Will The ECB Continue To Hike Rates?
  • 683 days Forbes: Aramco Remains Largest Company In The Middle East
  • 685 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,085 days Could Crypto Overtake Traditional Investment?
  • 1,090 days Americans Still Quitting Jobs At Record Pace
  • 1,092 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,095 days Is The Dollar Too Strong?
  • 1,095 days Big Tech Disappoints Investors on Earnings Calls
  • 1,096 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,098 days China Is Quietly Trying To Distance Itself From Russia
  • 1,098 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,102 days Crypto Investors Won Big In 2021
  • 1,102 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,103 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,105 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,106 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,109 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,110 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,110 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,112 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…

Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

  1. Home
  2. Markets
  3. Other

EUR/USD - Making 2 Year Lows

EUR/USD has broken the strong support area between 1.2755 and 1.2662, confirming persistent strong selling pressures. Hourly resistances can now be found at 1.2664 (29/09/2014 low) and 1.2715 (29/09/2014 high).

In the longer term, EUR/USD is in a succession of lower highs and lower lows since May 2014. The break of the strong support area between 1.2755 (09/07/2013 low) and 1.2662 (13/11/2012 low) opens the way for a decline towards the strong support at 1.2043 (24/07/2012 low). Intermediate supports are given by 1.2500 (psychological support) and 1.2466 (28/08/2012 low).

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment