• 774 days Will The ECB Continue To Hike Rates?
  • 774 days Forbes: Aramco Remains Largest Company In The Middle East
  • 776 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,175 days Could Crypto Overtake Traditional Investment?
  • 1,180 days Americans Still Quitting Jobs At Record Pace
  • 1,182 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,185 days Is The Dollar Too Strong?
  • 1,185 days Big Tech Disappoints Investors on Earnings Calls
  • 1,186 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,188 days China Is Quietly Trying To Distance Itself From Russia
  • 1,188 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,192 days Crypto Investors Won Big In 2021
  • 1,192 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,193 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,196 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,196 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,199 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,200 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,200 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,202 days Are NFTs About To Take Over Gaming?
Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

  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