Holding above 1.2000.
(By Yann Quelenn )
• EURUSD has broken the resistance implied by
its horizontal resistance, confirming an improving
technical structure. Hourly resistance can be
found at 1.2090 (intraday high) while hourly
support lies at 1.1993 (intraday low). Stronger
support is given at a distance at 1.1662
(17/08/2017 low). Expected to show renewed
• 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).