• 992 days Will The ECB Continue To Hike Rates?
  • 992 days Forbes: Aramco Remains Largest Company In The Middle East
  • 994 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,394 days Could Crypto Overtake Traditional Investment?
  • 1,399 days Americans Still Quitting Jobs At Record Pace
  • 1,401 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,404 days Is The Dollar Too Strong?
  • 1,404 days Big Tech Disappoints Investors on Earnings Calls
  • 1,405 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,406 days China Is Quietly Trying To Distance Itself From Russia
  • 1,407 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,411 days Crypto Investors Won Big In 2021
  • 1,411 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,412 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,414 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,415 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,418 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,419 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,419 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,421 days Are NFTs About To Take Over Gaming?
Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

  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