(15 MAY 2017)EUR / USD:Medium-term bullish.

(15 MAY 2017)EUR / USD:Medium-term bullish.

15 May 2017, 13:46
Jiming Huang
0
18

eur

Medium-term bullish.

• EUR/USD is trading higher towards resistance 

at 1.1023 (07/05/2017 high). Stronger support is 

now given at 1.0682 (21/04/2017 base) and key 

support can be found at 1.0494 (22/02/2017 low). 

Expected to reach 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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