(22 MAY 2017)EUR / USD:Strengthening.

(22 MAY 2017)EUR / USD:Strengthening.

22 May 2017, 13:55
Jiming Huang
0
30

eur

Strengthening.

• EUR/USD is trading higher. Resistance now lies 

at 1.1212 (19/05/2017 high). Hourly support can 

be found at 1.0842 (11/05/2017 low). Strong 

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 continue growing 

higher. 

• 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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