(29 MAY 2017)EUR / USD:Consolidating below resistance at  1.3000.

(29 MAY 2017)EUR / USD:Consolidating below resistance at 1.3000.

29 May 2017, 14:05
Jiming Huang
0
24

eur

Consolidating below resistance at 

1.3000.

• EUR/USD is consolidating lower below strong 

resistance at 1.1300 (09/11/2017 high). Hourly 

support can be found at 1.1162 (22/05/2017 low). 

Stronger support lies at 1.0842 11/05/2017 

low).and key support is given 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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