Renewed upside pressures.
(Yann Quelenn )
• EUR/USD bullish pressures are still on despite
ongoing consolidation. Hourly resistance is given
at 1.1910 (02/08/2017 high). Hourly support can
be found at 1.1689 (09/08/2017 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).