(10 July 2017)EUR / USD:Ready for another leg higher

(10 July 2017)EUR / USD:Ready for another leg higher

10 July 2017, 13:39
Jiming Huang
0
14

eur



Ready for another leg higher.

(Yann Quelenn )

• EUR/USD is still consolidating and should

target resistance at 1.1445 (29/06/2017 high). 

Hourly support can be found at 1.1292 

(28/06/2017 low). Stronger support lies at 1.1076 

(18/05/2017 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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