(17 JULY 2017)EUR / USD:Stalling below 1.1500.

(17 JULY 2017)EUR / USD:Stalling below 1.1500.

17 July 2017, 13:42
Jiming Huang
0
16

eur


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).


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