Technical Overview - 29th June

EURUSD - Low volatility 

The volatility of EURUSD has remained low despite the EU Economic Summit. Its price has managed to break above the local resistance, 1.1077, and reached a high at 1.1110, from which bounced back down to draw another sideways move between the high, earlier mentioned, and the support from 1.1037. Currently a break below the support could trigger a move down towards 1.0970. On the other hand a break above the resistance could announce a continuation of the rally towards 1.1180.

DAX30 - Low and Steady

The price of the German index has managed to hit new highs during yesterday’s trading session, though the moves were very small comparing to what has happened before. The current price action shows a good local support at 9400.0 and a resistance at 9700.0. A break below the support could trigger a drop towards 9200, while a break above the resistance would open the door for a rally towards the next local resistance from 9840.0.

Risk Warning: Financial Derivative Instruments are complex instruments and leveraged products that involve a high level of risk which can result in high losses, including the risk of losing the entire capital invested by the Client. Such instruments might not be suitable for all Clients. The Client should not engage in transactions with such Financial Instruments unless he/sheunderstands and accepts the risks involved by trading Financial Instruments, taking into account his/her investment objectives and level of experience. Hayeswell warns that the information published on this website shall not be considered as a recommendation to buy/sell/keep a certain financial instrument and that past performance of Financial Instruments is not a reliable indicator of future performances.