• 383 days Could Crypto Overtake Traditional Investment?
  • 388 days Americans Still Quitting Jobs At Record Pace
  • 390 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 393 days Is The Dollar Too Strong?
  • 393 days Big Tech Disappoints Investors on Earnings Calls
  • 394 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 396 days China Is Quietly Trying To Distance Itself From Russia
  • 396 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 400 days Crypto Investors Won Big In 2021
  • 400 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 401 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 404 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 404 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 407 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 408 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 408 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 410 days Are NFTs About To Take Over Gaming?
  • 411 days Europe’s Economy Is On The Brink As Putin’s War Escalates
  • 414 days What’s Causing Inflation In The United States?
  • 415 days Intel Joins Russian Exodus as Chip Shortage Digs In
The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

  1. Home
  2. Markets
  3. Other

EUR/USD - Challenging its Recent Lows

EUR/USD collapsed on Friday. However, prices have thus far successfully tested the support at 1.2358. Hourly resistances can be found at 1.2460 (intraday high) and 1.2504 (20/11/2014 low).

In the longer term, EUR/USD is in a downtrend since May 2014. The break of the strong support area between 1.2755 (09/07/2013 low) and 1.2662 (13/11/2012 low) has opened the way for a decline towards the strong support at 1.2043 (24/07/2012 low). A key resistance stands at 1.2886 (15/10/2014 high).

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment