(04 SEPTEMBER 2017)EUR / USD:Consolidation.

(04 SEPTEMBER 2017)EUR / USD:Consolidation.

4 September 2017, 13:34
Jiming Huang
0
22

eur


Consolidation. .

(By Peter Rosenstreich)

• EURUSD is consolidating after massive bullish 

rally. Hourly resistance can be found at 1.2070 

(29/08/2017 high) while hourly support lies at 

1.1820 (31/08/2017 low). Stronger support is 

given at a distance at 1.1662 (17/08/2017 low). 

Expected to show renewed bullish pressures. 

• In the longer term, the momentum is now 

turning largely positive. We favour a continued 

bullish bias. Key resistance is holding at 1.2252 

(25/12/2014 high) while strong support lies at 

1.0341 (03/01/2017 low).


Share it with friends: