• 808 days Will The ECB Continue To Hike Rates?
  • 808 days Forbes: Aramco Remains Largest Company In The Middle East
  • 810 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,210 days Could Crypto Overtake Traditional Investment?
  • 1,214 days Americans Still Quitting Jobs At Record Pace
  • 1,216 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,220 days Is The Dollar Too Strong?
  • 1,220 days Big Tech Disappoints Investors on Earnings Calls
  • 1,221 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,222 days China Is Quietly Trying To Distance Itself From Russia
  • 1,223 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,227 days Crypto Investors Won Big In 2021
  • 1,227 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,228 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,230 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,230 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,234 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,234 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,235 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,237 days Are NFTs About To Take Over Gaming?
Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

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…

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 – Dollar's Sell-Off Continues

EUR/USD continues to increase after breaking hourly resistance at 1.1234 (02/08/2016 low). Buying pressures are important. Strong resistance is given at 1.1428 (23/06/2016 high). Hourly support can be found at 1.1046 (05/08/2016 low). Expected to further increase.

In the longer term, the technical structure favours a very long-term bearish bias as long as resistance at 1.1714 (24/08/2015 high) holds. The pair is trading in range since the start of 2015. Strong support is given at 1.0458 (16/03/2015 low). However, the current technical structure since last December implies a gradual increase.

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment