(04 DECEMBER 2017)EUR / USD:Ready to bounce back.

(04 DECEMBER 2017)EUR / USD:Ready to bounce back.

4 December 2017, 12:43
Jiming Huang
0
10

eur


Ready to bounce back.

(By Yann Quelenn)

• EUR/USD's bullish momentum continues.

Hourly resistance is now given at 1.1961

(27/11/2017 high). Hourly support is given at

1.1809 (30/11/2017 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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