Profit-taking.
(Yann Quelenn)
• EUR/USD bullish pressures are still on despite
ongoing consolidation. The pair has reached
1.1910 (02/08/2017 high). Hourly support can be
found at 1.1728 (04/08/2017 high). Stronger
support lies at 1.1613 (26/07/2017 low). Expected
to show continued bullish pressures.
• In the longer term, the momentum is now
turning largely positive. We favour a continued
bullish bias. Key resistance holding at 1.1871
(24/08/2015 high) has been broken while strong
support lies at 1.0341 (03/01/2017 low).
