• 23 mins COVID Has Sparked A Surge In Cybercrime
  • 6 hours Precious Metals Bulls Still Have Plenty Of Room To Run
  • 1 day The U.S. Has The Tech To Go Green, But Will It Use It?
  • 1 day Massive Losses Force Russian Commodities Giant To Slash Dividends
  • 2 days Markets Up On Stimulus Hope
  • 2 days UK To Invest In Europe's First Geothermal Lithium Recovery Plant
  • 3 days TikTok Takes Center Stage In US-China Tech War
  • 3 days Are Semiconductor Stocks Overvalued?
  • 4 days Jobs Report Doesn’t Say Much Amid COVID Uncertainty
  • 4 days Crypto FOMO Heats Up As Bitcoin Climbs Above $11,000
  • 5 days Aluminum Is Bouncing Back In China
  • 5 days The Deep-Sea Mining Debate
  • 6 days Markets Trending Down Despite Tech Blow-Out
  • 6 days Big Oil Battered On Dismal Earnings
  • 7 days Russian Billionaire Bails On Mid-Sized Gold Miner
  • 7 days Gold Stocks Gear Up For A Big Autumn
  • 8 days America Is Looking To Bring Nuclear Power To Space
  • 8 days What Is Behind Gold's Astonishing Rally?
  • 9 days Stocks Tumble On Brutal Economic Report
  • 9 days Kodak Soars By 400% After Trump Bump
Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

MIG Bank

MIG Bank

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

Contact Author

  1. Home
  2. Markets
  3. Other

EUR/USD - Moving Higher

EUR/USD is increasing. Hourly resistance lies at 1.1436 (18/06/2015 high). Stronger resistance is given at 1.1459 (15/05/2015 high). Hourly support can be found at 1.1151 (12/06/2015 low). The short-term technical structure suggests an upside momentum.

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