Continued weakness.
(By Yann Quelenn)
• EUR/USD is way into a bearish trend. Hourly
resistance can be found at 1.2092 (08/09/2017
high) while hourly support lies at 1.1823
(31/08/2017 low) has been broken. Stronger
support is given at a distance at 1.1662
(17/08/2017 low). Expected to show continued
short-term bearish 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).
