(13 NOVEMBER 2017)EUR / USD:Sideways price action.

(13 NOVEMBER 2017)EUR / USD:Sideways price action.

13 November 2017, 12:40
Jiming Huang
0
13
eur

Sideways price action.

(By Yann Quelenn)

• EUR/USD is still biased to the downside

despite the current rebound. Hourly resistance is

located at 1.1690 (03/11/2017 high). Hourly

support is given at 1.1554 (07/11/2017 low).

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).

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