• 700 days Will The ECB Continue To Hike Rates?
  • 700 days Forbes: Aramco Remains Largest Company In The Middle East
  • 702 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,102 days Could Crypto Overtake Traditional Investment?
  • 1,107 days Americans Still Quitting Jobs At Record Pace
  • 1,109 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,112 days Is The Dollar Too Strong?
  • 1,112 days Big Tech Disappoints Investors on Earnings Calls
  • 1,113 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,115 days China Is Quietly Trying To Distance Itself From Russia
  • 1,115 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,119 days Crypto Investors Won Big In 2021
  • 1,119 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,120 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,122 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,123 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,126 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,127 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,127 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,129 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…

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 - Declining Sharply

EUR/USD has moved sharply lower breaking supports at 1.1105 (23/09/2015 low) and 1.1087 (03/09/2015 low) on Draghi's declaration yesterday. Hourly resistance is given at 1.1387 (20/10/2015 low). Stronger resistance can be found at 1.1561 (26/08/2015 low). Expected consolidation.

Since March 2015, the pair is improving. Key supports can be found at 1.0458 (16/03/2015 low) and 1.0000 (psychological support). The technical structure favours an eventual break higher. Strong resistance is given at 1.1871(12/01/2015)

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment