• 266 days Could Crypto Overtake Traditional Investment?
  • 271 days Americans Still Quitting Jobs At Record Pace
  • 273 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 276 days Is The Dollar Too Strong?
  • 276 days Big Tech Disappoints Investors on Earnings Calls
  • 277 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 279 days China Is Quietly Trying To Distance Itself From Russia
  • 279 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 283 days Crypto Investors Won Big In 2021
  • 283 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 284 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 286 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 287 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 290 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 291 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 291 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 293 days Are NFTs About To Take Over Gaming?
  • 294 days Europe’s Economy Is On The Brink As Putin’s War Escalates
  • 297 days What’s Causing Inflation In The United States?
  • 298 days Intel Joins Russian Exodus as Chip Shortage Digs In
  1. Home
  2. Markets
  3. Other

EUR/USD - Thin Holiday Trading Conditions Dominate

2015 has been a fascinating year, full of ups and downs. We can’t wait to see what 2016 holds. In order be fresh and ready to tackle the new year demands, production of the Daily Technical Report will be paused from Dec 24th through Jan 4th 2016.

EUR/USD's short-term bullish momentum towards 1.1000 continues. Key support is given at 1.0796 (07/12/2015 low). Stronger support lies at 1.0524 (03/12/2015 low). Hourly resistance may be found at 1.1096 (28/10/2015 low). Expected to target again support at 1.0796.

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