(09 OCTOBER 2017)EUR / USD:Ready for further downside.

(09 OCTOBER 2017)EUR / USD:Ready for further downside.

9 October 2017, 13:39
Jiming Huang
0
13

eur

Ready for further downside.

(By Yann Quelenn)

• EUR/USD is way into a bearish trend. Hourly 

resistance can be found at 1.1833 (29/09/2017 

high). Strong 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).


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