• 387 days Could Crypto Overtake Traditional Investment?
  • 392 days Americans Still Quitting Jobs At Record Pace
  • 394 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 397 days Is The Dollar Too Strong?
  • 398 days Big Tech Disappoints Investors on Earnings Calls
  • 398 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 400 days China Is Quietly Trying To Distance Itself From Russia
  • 400 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 404 days Crypto Investors Won Big In 2021
  • 405 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 405 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 408 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 408 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 411 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 412 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 412 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 414 days Are NFTs About To Take Over Gaming?
  • 415 days Europe’s Economy Is On The Brink As Putin’s War Escalates
  • 418 days What’s Causing Inflation In The United States?
  • 419 days Intel Joins Russian Exodus as Chip Shortage Digs In
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 - Breaking 1.0700

EUR/USD has set a new hourly support at 1.0675 (10/11/2015 low). Hourly resistance lies at 1.0897 (05/11/2015 high). The technical structure is clearly negative. Stronger resistance stands at 1.1095 (28/10/2015 high). Nonetheless we still expected a retracement of the pair above 1.0800 as it seems there are still some buying interest pressures.

In the longer term, the technical structure favours a bearish bias as long as resistance holds. Key resistance is located region at 1.1453 (range high) and 1.1640 (11/11/2005 low) is likely to cap any price appreciation. The current technical deteriorations favours a gradual decline towards the support at 1.0504 (21/03/2003 low).

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment