• 1,009 days Will The ECB Continue To Hike Rates?
  • 1,009 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,011 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,411 days Could Crypto Overtake Traditional Investment?
  • 1,415 days Americans Still Quitting Jobs At Record Pace
  • 1,417 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,420 days Is The Dollar Too Strong?
  • 1,421 days Big Tech Disappoints Investors on Earnings Calls
  • 1,422 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,423 days China Is Quietly Trying To Distance Itself From Russia
  • 1,424 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,428 days Crypto Investors Won Big In 2021
  • 1,428 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,429 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,431 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,431 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,435 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,435 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,435 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,438 days Are NFTs About To Take Over Gaming?
The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

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 - Targeting 1.1400

EUR/USD's buying pressures are still lively. Buying pressures seem 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 increase again.

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