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)
