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Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

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EUR/USD - Heading Higher

EUR/USD is still trading between the hourly resistance at 1.1006 (29/05/2015 high) and the support at 1.0868 (28/05/2015 low). Stronger support can be found at 1.0820 (27/04/2015 low) while upper resistance is given at 1.1217 (19/05/2015 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

 

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