(24 April 2017):EUR / USD:Rally after first round.

(24 April 2017):EUR / USD:Rally after first round.

24 April 2017, 13:55
Jiming Huang
0
27

EUR

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 )

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