• 780 days Will The ECB Continue To Hike Rates?
  • 780 days Forbes: Aramco Remains Largest Company In The Middle East
  • 782 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,182 days Could Crypto Overtake Traditional Investment?
  • 1,187 days Americans Still Quitting Jobs At Record Pace
  • 1,189 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,192 days Is The Dollar Too Strong?
  • 1,192 days Big Tech Disappoints Investors on Earnings Calls
  • 1,193 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,195 days China Is Quietly Trying To Distance Itself From Russia
  • 1,195 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,199 days Crypto Investors Won Big In 2021
  • 1,199 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,200 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,202 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,203 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,206 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,207 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,207 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,209 days Are NFTs About To Take Over Gaming?
Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

  1. Home
  2. Markets
  3. Other

EUR/USD - Consolidating

EUR/USD is consolidating around 1.1131 (12/05/2015 low) and is monitoring the support at 1.1066 (05/05/2015 low). Resistances lies at 1.1217 (19/05/2015 high) and (1.1459 (15/05/2015 high).

In the longer term, the symmetrical triangle from 2010-2014 favors further weakness towards parity. As a result, we view the recent sideways moves as a pause in an underlying declining trend. Key supports can be found at 1.0504 (21/03/2003 low) and 1.0000 (psychological support). Break to the upside would suggest a test of resistance at 1.1534 (03/02/2015 reaction high).

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment