• 317 days Could Crypto Overtake Traditional Investment?
  • 321 days Americans Still Quitting Jobs At Record Pace
  • 323 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 327 days Is The Dollar Too Strong?
  • 327 days Big Tech Disappoints Investors on Earnings Calls
  • 328 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 329 days China Is Quietly Trying To Distance Itself From Russia
  • 330 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 334 days Crypto Investors Won Big In 2021
  • 334 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 335 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 337 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 337 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 341 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 342 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 342 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 344 days Are NFTs About To Take Over Gaming?
  • 344 days Europe’s Economy Is On The Brink As Putin’s War Escalates
  • 347 days What’s Causing Inflation In The United States?
  • 349 days Intel Joins Russian Exodus as Chip Shortage Digs In
Strong U.S. Dollar Weighs On Blue Chip Earnings

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

  1. Home
  2. Markets
  3. Other

EUR/USD - Monitoring Long-Term Support

EUR/USD's buying pressures are clearly on. Hourly resistance is given at 1.0652 (intraday high). A break of resistance at 1.0746 (17/11/2016 high) is needed to confirm a reversal. Expected to show continued weakness.

In the longer term, the death cross indicates a further bearish bias despite the pair has increased since last December. Key resistance holds at 1.1714 (24/08/2015 high). Strong support is given at 1.0458 (16/03/2015 low).

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment