"No warning can save people determined to grow suddently rich" - Lord Overstone

  • 12 hours The Secretive Wall Street Firm Betting On Bitcoin
  • 13 hours ‘Data Is King’: The Oil Industry’s Next Most Valuable Resource
  • 14 hours Google Invests $300 Million To Combat Fake News
  • 15 hours Zuckerberg Dodges A Bullet As Facebook Loses Billions
  • 16 hours Tesla Tumbles As Investors Lose Patience
  • 17 hours Are Alt-Coins On The Verge Of A Break Out?
  • 19 hours What Should Gold Investors Expect From The New Fed Chair?
  • 20 hours Who Will Pay For Trump's $60 Billion China Tariffs?
  • 1 day Vladimir Putin’s Mysterious Fortune
  • 2 days Cryptos Resist Social Media Crackdown
  • 2 days The Death Of Dodd-Frank
  • 2 days Bitcoin Bounces Back Ahead Of G20 Meeting
  • 2 days Trump's Trade War Nears Boiling Point
  • 2 days Will April Be A Turning Point For Precious Metals?
  • 2 days Economic Pressures Weigh On Banks And Borrowers
  • 2 days U.S. Political Uncertainty Keeps Stock Markets On Edge
  • 2 days Gold: The Religion Of Currency
  • 4 days Economists Polarized On Trump’s Tariff Plan
  • 4 days Why Are Investors Overlooking Gold Stocks?
  • 5 days The App That Democratized Trading Is Now Worth $5B
The App That Democratized Trading Is Now Worth $5B

The App That Democratized Trading Is Now Worth $5B

Investors and customers have rallied…

Is Barrick Gold Close To Finding A Bottom?

Is Barrick Gold Close To Finding A Bottom?

Barrick gold has been a…

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…

More Info

EUR/USD - Breaking the 200-Day Moving Average

EUR/USD has broken the hourly resistance at 1.1436 (18/06/2015). Over the last month, the pair is setting higher highs. There is a short-term upside momentum. Resistance lies at 1.1534 (02/02/2015 high). Support can be found at 1.0809 (20/07/2015 low).

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

Sign Up For The Safehaven Newsletter