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).
