0
58
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 )