(07 AUGUST 2017)EUR / USD:Profit-taking.

(07 AUGUST 2017)EUR / USD:Profit-taking.

7 August 2017, 13:35
Jiming Huang
0
22

eur


Profit-taking.

(Yann Quelenn)

• EUR/USD bullish pressures are still on despite 

ongoing consolidation. The pair has reached 

1.1910 (02/08/2017 high). Hourly support can be 

found at 1.1728 (04/08/2017 high). Stronger 

support lies at 1.1613 (26/07/2017 low). Expected 

to show continued bullish pressures. 

• In the longer term, the momentum is now 

turning largely positive. We favour a continued 

bullish bias. Key resistance holding at 1.1871 

(24/08/2015 high) has been broken while strong 

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

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