• 989 days Will The ECB Continue To Hike Rates?
  • 989 days Forbes: Aramco Remains Largest Company In The Middle East
  • 991 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,391 days Could Crypto Overtake Traditional Investment?
  • 1,395 days Americans Still Quitting Jobs At Record Pace
  • 1,397 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,400 days Is The Dollar Too Strong?
  • 1,401 days Big Tech Disappoints Investors on Earnings Calls
  • 1,402 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,403 days China Is Quietly Trying To Distance Itself From Russia
  • 1,404 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,408 days Crypto Investors Won Big In 2021
  • 1,408 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,409 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,411 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,411 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,415 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,415 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,416 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,418 days Are NFTs About To Take Over Gaming?
Tesla Struggles To Compete In European Market

Tesla Struggles To Compete In European Market

Tesla continues to catch the…

Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

Trade In Counterfeit Goods Hits Half A Trillion Dollars

Trade In Counterfeit Goods Hits Half A Trillion Dollars

The counterfeit market has breached…

  1. Home
  2. Markets
  3. Other

EUR/USD - Next Target 1.1043

EUR/USD is preparing to challenge consolidation phase. The break of resistance at 1.0927 (27/04/2015 high) indicates an improving short-term technical configuration. A key resistance stands at 1.1043. Hourly supports can be found at 1.0963 and 1.0862.

In the longer term, the symmetrical triangle from 2010-2014 favours further weakness towards parity. As a result, we view the recent sideways moves as a pause in an underlying declining trend. 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