Daily Technical Report

EUR/USD was sent lower by the ECB yesterday, making 10-year lows. A psychological support lies at 1.1000. Hourly resistances can be found at 1.1460 (16/01/2015 low) and 1.1541 (20/01/2015 low).

In the longer term, the symmetrical triangle favours further weakness towards parity. Key supports can be found at 1.1000 (psychological support) and 1.0765 (03/09/2003 low). A resistance lies at 1.1679 (21/01/2015 high), while a key resistance stands at 1.1871 (12/01/2015
high).

Read the full report: Technical Research