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).