• 1,079 days Will The ECB Continue To Hike Rates?
  • 1,080 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,081 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,481 days Could Crypto Overtake Traditional Investment?
  • 1,486 days Americans Still Quitting Jobs At Record Pace
  • 1,488 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,491 days Is The Dollar Too Strong?
  • 1,491 days Big Tech Disappoints Investors on Earnings Calls
  • 1,492 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,494 days China Is Quietly Trying To Distance Itself From Russia
  • 1,494 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,498 days Crypto Investors Won Big In 2021
  • 1,498 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,499 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,501 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,502 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,505 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,506 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,506 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,508 days Are NFTs About To Take Over Gaming?
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

  1. Home
  2. Markets
  3. Other

EUR/USD - Targeting Resistance at 1.1330

EUR/USD has moved sharply higher and is now targeting hourly resistance at 1.1330 (21/09/2015 high). Support can be found at 1.1087 (03/09/2015 low). Stronger support lies at 1.1017 (18/08/2015 low).

In the longer term, the symmetrical triangle from 2010-2014 favored 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). We remain in a downside momentum.

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment