• 1,126 days Will The ECB Continue To Hike Rates?
  • 1,126 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,128 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,528 days Could Crypto Overtake Traditional Investment?
  • 1,533 days Americans Still Quitting Jobs At Record Pace
  • 1,535 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,538 days Is The Dollar Too Strong?
  • 1,538 days Big Tech Disappoints Investors on Earnings Calls
  • 1,539 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,540 days China Is Quietly Trying To Distance Itself From Russia
  • 1,541 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,545 days Crypto Investors Won Big In 2021
  • 1,545 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,546 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,548 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,549 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,552 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,553 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,553 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,555 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…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

  1. Home
  2. Markets
  3. Other

EUR/USD - Heading Lower

EUR/USD has broken the support at 1.1050 (05/06/2015 low). Hourly resistance lies at 1.1436 (18/06/2015 high). Stronger resistance is given at 1.1459 (15/05/2015 high). Hourly support lies at 1.0868 (28/05/2015 low). We expect the pair to stabilize below 1.1100.

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