(24 July 2017)EUR / USD:Continued bullish momentum.

(24 July 2017)EUR / USD:Continued bullish momentum.

24 July 2017, 13:41
Jiming Huang
0
23

eur


Continued bullish momentum.

(Yann Quelenn )

• EUR/USD bullish pressures continue. Hourly 

resistance given at 1.1584 (18/07/2017 high) has 

been broken. Hourly support can be found at 

1.1371 (13/07/2017 high). Stronger support lies at 

1.1292 (28/06/2017 low). Expected to show 

continued bullish pressures. 

• In the longer term, the momentum is clearly 

negative. We favour a continued bearish bias 

towards parity. Key resistance holding at 1.1714 

(24/08/2015 high) is on target while strong 

support lies at 1.0341 (03/01/2017 low).

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