(01 May 2017)EUR / USD:Consolidating.

(01 May 2017)EUR / USD:Consolidating.

1 May 2017, 14:54
Jiming Huang
0
22

EUR

Consolidating.

• EUR/USD is trading sideways. Hourly support is 

given at 1.0852 (27/04/2017 low) then 1.0682 

(21/04/2017 base). Stronger support can be 

found at 1.0494 (22/02/2017 low). Hourly 

resistance is given at 1.0951 (26/04/2017 high). 

Expected to show another leg higher towards 

1.10. 

• 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 Yann Quelenn )

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