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MIG Bank

MIG Bank

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

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EUR/USD - No Sustainable Buying Interest

EUR/USD's rebound close to the support implied by the recent lows at 1.0495 continues to be unimpressive. Support lie at 1.0336 (31/03/2003 low). Hourly resistances for a shortterm bounce can be found at 1.0694 (12/03/2015 high) then 1.0717 (10/03/2015 high).

In the longer term, the symmetrical triangle favors further weakness towards parity. As a result, any strength is likely to be temporary in nature. Key resistances stand at 1.1534 (03/02/2015 high) and 1.1679 (21/01/2015 high). Key supports can be found between 1.0199 and 1.0074.

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