(08 MAY 2017)EUR / USD:Trading sideways.

(08 MAY 2017)EUR / USD:Trading sideways.

8 May 2017, 13:55
Jiming Huang
0
13

EUR

Trading sideways.

• EUR/USD is trading higher. Hourly support is 

given at 1.0875 (04/05/2017 low) then 1.0682 

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

found at 1.0494 (22/02/2017 low). 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 )

Share it with friends: