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)
