Ready to bounce back.
(By Yann Quelenn)
• EUR/USD's bullish momentum continues.
Hourly resistance is now given at 1.1961
(27/11/2017 high). Hourly support is given at
1.1809 (30/11/2017 low). Expected to show
continued increase.
• In the longer term, the momentum is now
turning largely positive. We favour a continued
bullish bias. Key resistance is holding at 1.2252
(25/12/2014 high) while strong support lies at
1.0341 (03/01/2017 low).
