Significant selling pressures.
(By Yann Quelenn)
• EUR/USD is biased to the downside after
setting a new hourly support at 1.1575
(27/10/2017 low). Hourly resistance is located at
1.1658 (30/10/2017 high). Expected to show
some short-term consolidation.
• 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).