(12 JUNE 2017)EUR / USD:Sideways price action.

(12 JUNE 2017)EUR / USD:Sideways price action.

12 June 2017, 14:22
Jiming Huang
0
17

eur


Sideways price action.

• EUR/USD is trading mixed below strong 

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

Hourly support is given at 1.1110 (22/05/2017 

low) has been broken. Stronger support lies at 

1.0842 (11/05/2017 low) and key support is given 

at 1.0494 (22/02/2017 low). Expected to show 

renewed bullish pressures. 

• 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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