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).