Stalling below 1.1500.
(By Yann Quelenn)
• EUR/USD bearish pressures are weak and the
pair is way into a consolidation phase. Hourly
resistance is given at 1.1489 (12/07/2017 high).
Hourly support can be found at 1.1313
(05/07/2017 high). Stronger support lies at 1.1076
(18/05/2017 low). Expected to show sideways
price action.
• 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).
