(26 JUNE 2017)EUR / USD:Selling pressures are important at  1.1200.

(26 JUNE 2017)EUR / USD:Selling pressures are important at 1.1200.

26 June 2017, 13:32
Jiming Huang
0
25

eur


Selling pressures are important at 

1.1200.

• EUR/USD is trading mixed. 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). 

• 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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