(18 SEPTEMBER 2017)EUR / USD:Consolidation.

(18 SEPTEMBER 2017)EUR / USD:Consolidation.

18 September 2017, 13:47
Jiming Huang
0
18

eur


Consolidation.

(By Yann Quelenn )

• EUR/USD lies in a bullish trend despite 

ongoing consolidation. Hourly resistance can be 

found at 1.2092 (08/09/2017 high) while hourly 

support lies at 1.1823 (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: