(19 JUNE 2017)EUR / USD:Holding below 1.1200

(19 JUNE 2017)EUR / USD:Holding below 1.1200

19 June 2017, 13:39
Jiming Huang
0
22

eur


Holding below 1.1200.

• EUR/USD is trading lower. The pair is still

trading below strong resistance given at 1.1300 

(09/11/2017 high). Hourly support can be found 

at 1.1076 (18/05/2017 low). Stronger support lies 

at 1.0842 (11/05/2017 low). Expected to show 

renewed bullish pressures. 

• In the longer term, the momentum is clearly 

negative. We favour a continued bearish bias 

towards parity. Key resistance holds at 1.1714 

(24/08/2015 high) while strong support lies at 

1.0341 (03/01/2017 low).

(By Yann Quelenn)

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