• 1,033 days Will The ECB Continue To Hike Rates?
  • 1,033 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,035 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,435 days Could Crypto Overtake Traditional Investment?
  • 1,439 days Americans Still Quitting Jobs At Record Pace
  • 1,441 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,445 days Is The Dollar Too Strong?
  • 1,445 days Big Tech Disappoints Investors on Earnings Calls
  • 1,446 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,447 days China Is Quietly Trying To Distance Itself From Russia
  • 1,448 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,452 days Crypto Investors Won Big In 2021
  • 1,452 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,453 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,455 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,455 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,459 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,459 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,460 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,462 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…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

  1. Home
  2. Markets
  3. Other

EUR/USD - Weak Bounce Thus Far

EUR/USD bounced yesterday. However, the resistance implied by the 38.2% retracement (1.0718) has held thus far. As a result, a further decline towards the support at 1.0458 remains favoured. An hourly support now lies at 1.0521 (13/04/2015 low). Another resistance stands at 1.0888.

In the longer term, the symmetrical triangle favours further weakness towards parity. As a result, any strength is likely to be temporary in nature. A strong resistance stands at 1.1114 (05/03/2015 low). Key supports can be found at 1.0504 (21/03/2003 low) and 1.0000 (psychological support).

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment