Continuum Economics
  • Search
  • About Us
  • Buy
  • Invite A Friend
  • My Basket
  • Articles
  • Calendar
  • Forecasts
  • Events
  • Data
  • Newsletters
  • My Alerts
  • Community
  • Directory
  • About Us
  • Buy
  • Invite A Friend
  • My Basket
  • Articles
    • All
    • Thematic
    • Tactical
    • Asia
    • EMEA
    • Americas
    • Newsletters
    • Freemium
    • Editor's Choice
    • Most Viewed
    • Most Shared
    • Most Liked
  • Calendar
    • Interactive
      • China
      • United States
      • Eurozone
      • United Kingdom
    • Month Ahead
    • Reviews
    • Previews
  • Forecasts
    • Forecasts
    • Key Views
  • Events
    • Media
    • Conference Calls
  • Data
    • Country Insights
    • Shadow Credit Ratings
    • Full CI Data Download
  • Newsletters
  • My Alerts
  • Community
    • FX
    • Fixed Income
    • Macro Strategy
    • Credit Markets
    • Equities
    • Commodities
    • Precious Metals
    • Renewables
  • Directory
  • My Account
  • Notifications Setup
  • Account Details
  • Recent Devices
  • Distribution Lists
  • Shared Free Trials
  • Saved Articles
  • Shared Alerts
  • My Posts
Published: 2023-12-12T04:03:06.000Z

Chart EUR/USD Update: Further losses likely limited

byPakLai Ng

Technical Analyst
-

 

 LevelsImpComment  LevelsImpComment
R41.0965*21 Nov high S11.0756*6 Nov high
R31.0887*14 Nov high S21.0695*24 Oct high
R21.0850*congestion S31.0656 10 Nov low
R11.0800 congestion S41.0640*12 Oct high

Asterisk denotes strength of level

03:50 GMT - No follow-through on break of the 1.0756 support as prices unwind the oversold intraday and daily studies. Further losses likely to prove limited with support at the 1.0756/1.0695 area now protecting the downside. Losses from the Nov high are seen corrective and expected to give way to buying pressure later. Meanwhile, resistance is at the 1.0800/50 area and clearance here will see room for stronger recovery to 1.0850 congestion then the 1.0887/1.0900 resistance. 

Continue to read the article for free
Login

or

or

Topics
EUR/USD-TA
DM-Technical
Technical Analysis

GENERAL

  • Home
  • About Us
  • Our Team
  • Careers

LEGAL

  • Terms and Conditions
  • Privacy Policy
  • Compliance
  • GDPR

GET IN TOUCH

  • Contact Us
Continuum Economics
The Technical Analyst Awards Winner 2021
The Technical Analyst Awards Finalist 2020
image