Trading around 1.2000.
(Yann Quelenn)
• EUR/USD is now trading around 1.20. The pair
lies in a bullish short-term momentum. Strong
resistance is given at 1.2092 (08/09/2017 high)
while hourly support can be found at 1.1980
(intraday low). Stronger support is given a
distance at 1.1718 (12/12/2017 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).
