• 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
  • 1,477 days Could Crypto Overtake Traditional Investment?
  • 1,482 days Americans Still Quitting Jobs At Record Pace
  • 1,484 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,487 days Is The Dollar Too Strong?
  • 1,487 days Big Tech Disappoints Investors on Earnings Calls
  • 1,488 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,490 days China Is Quietly Trying To Distance Itself From Russia
  • 1,490 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,494 days Crypto Investors Won Big In 2021
  • 1,494 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,495 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,497 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,498 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,501 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,502 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,502 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,504 days Are NFTs About To Take Over Gaming?
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…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

  1. Home
  2. Markets
  3. Other

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.

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment