(11 SEPTEMBER 2017)EUR / USD:Holding above 1.2000.

(11 SEPTEMBER 2017)EUR / USD:Holding above 1.2000.

11 September 2017, 13:28
Jiming Huang


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 

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).

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