(14 AUGUST 2017)EUR / USD:Renewed upside pressures.

(14 AUGUST 2017)EUR / USD:Renewed upside pressures.

14 August 2017, 13:40
Jiming Huang
0
18

eur


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).

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