Rally after first round.
• EUR/USD is pushing higher. Hourly support
can be found at 1.0682 (21/04/2017 base) then
1.0576 (11.04.2017 low). Stronger support can be
found at 1.0494 (22/02/2017 low). Resistance
given at 1.0906 (27/03/2017 high) has been
broken,
• 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 Peter Rosenstreich )
