(27 NOVEMBER 2017)EUR / USD:Breaking resistance at 1.1878.

(27 NOVEMBER 2017)EUR / USD:Breaking resistance at 1.1878.

27 November 2017, 12:50
Jiming Huang
0
15

eur


Breaking resistance at 1.1878.

(By Yann Quelenn)

• EUR/USD is pushing higher. Hourly resistance

located at 1.1878 (12/10/2017 high) has been

broken. Hourly support is given at a distance at

1.1554 (07/11/2017 low). Expected to show

continued increase.

• 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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