(03 July 2017)EUR / USD:Starting a consolidation phase.

(03 July 2017)EUR / USD:Starting a consolidation phase.

3 July 2017, 13:32
Jiming Huang
0
21

eur

Starting a consolidation phase.

(By Yann Quelenn )

• EUR/USD is now consolidating after its recent 

rally above 1.1400. 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).



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