Trading sideways.
• EUR/USD is trading higher. Hourly support is
given at 1.0875 (04/05/2017 low) then 1.0682
(21/04/2017 base). Stronger support can be
found at 1.0494 (22/02/2017 low). Expected to
show another leg higher towards 1.10.
• In the longer term, the death cross late
October indicated a further bearish bias. The
pair has broken key support given at 1.0458
(16/03/2015 low). Key resistance holds at 1.1714
(24/08/2015 high). Expected to head towards
parity.
(By Yann Quelenn )
