Holding below 1.1200.
• EUR/USD is trading lower. The pair is still
trading below strong resistance given at 1.1300
(09/11/2017 high). Hourly support can be found
at 1.1076 (18/05/2017 low). Stronger support lies
at 1.0842 (11/05/2017 low). Expected to show
renewed bullish pressures.
• In the longer term, the momentum is clearly
negative. We favour a continued bearish bias
towards parity. Key resistance holds at 1.1714
(24/08/2015 high) while strong support lies at
1.0341 (03/01/2017 low).
(By Yann Quelenn)
