• 634 days Will The ECB Continue To Hike Rates?
  • 634 days Forbes: Aramco Remains Largest Company In The Middle East
  • 636 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,036 days Could Crypto Overtake Traditional Investment?
  • 1,041 days Americans Still Quitting Jobs At Record Pace
  • 1,043 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,046 days Is The Dollar Too Strong?
  • 1,046 days Big Tech Disappoints Investors on Earnings Calls
  • 1,047 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,048 days China Is Quietly Trying To Distance Itself From Russia
  • 1,049 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,053 days Crypto Investors Won Big In 2021
  • 1,053 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,054 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,056 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,057 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,060 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,061 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,061 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,063 days Are NFTs About To Take Over Gaming?
How Millennials Are Reshaping Real Estate

How Millennials Are Reshaping Real Estate

The real estate market is…

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 - Edging Lower

EUR/USD is now weakening. Hourly resistance lies at 1.1218 (10/03/2016 high). Hourly support can be located a 1.1078 (14/03/2016 low). 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