Strengthening.
• EUR/USD is trading higher. Resistance now lies
at 1.1212 (19/05/2017 high). Hourly support can
be found at 1.0842 (11/05/2017 low). Strong
support is now given at 1.0682 (21/04/2017 base)
and key support can be found at 1.0494
(22/02/2017 low). Expected to continue growing
higher.
• In the longer term, the death cross late
October indicated a further bearish bias. The
pair has broken key support given at 1.0458
(16/03/2015 low). Key resistance holds at 1.1714
(24/08/2015 high). Expected to head towards
parity.
(By Yann Quelenn)
