• 615 days Will The ECB Continue To Hike Rates?
  • 615 days Forbes: Aramco Remains Largest Company In The Middle East
  • 617 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,017 days Could Crypto Overtake Traditional Investment?
  • 1,021 days Americans Still Quitting Jobs At Record Pace
  • 1,023 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,026 days Is The Dollar Too Strong?
  • 1,027 days Big Tech Disappoints Investors on Earnings Calls
  • 1,028 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,029 days China Is Quietly Trying To Distance Itself From Russia
  • 1,030 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,034 days Crypto Investors Won Big In 2021
  • 1,034 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,035 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,037 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,037 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,041 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,041 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,042 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,044 days Are NFTs About To Take Over Gaming?
Tesla Struggles To Compete In European Market

Tesla Struggles To Compete In European Market

Tesla continues to catch the…

Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

  1. Home
  2. Markets
  3. Other

EUR/USD - Sharp Reversal

EUR/USD has spiked below 1.1000 and has erased the downtrend channel. Hourly support lies at 1.0566 (intraday low). Hourly resistance can be found at 1.1096 (28/10/2015 high). Expected to show further consolidation.

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