(18 DECEMBER 2017)EUR / USD:Consolidating above 1.1700.

Consolidating above 1.1700.

(By Yann Quelenn )

• EUR/USD's short-term bearish momentum has

abruptly ended. Hourly resistance is given at

1.1961 (27/11/2017 high). Hourly support given at

1.1718 (12/12/2017 low). Expected to show

sideways price action.

• 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).