In the longer term, the momentum is turninglargely negative. We favor a continued bearishbias. Key resistance is holding at 1.2886(15/10/2014 high) while strong support lies at1.0341 (03/01/2017 low).
EUR/USD Daily Forecast - 4 June
EUR/USD strong bounce from 1.1510(29/05/2018 low) continues, trading above 1.17and heading along 1.1718. The short-term trendremains negative as long as prices remain belowhourly resistance at 1.1993 (14/05/2018 high).Hourly support is given at 1.1510 (29/05/2018low).
- Popular
-
UK still likely to leave the EU with a negotiated agreement, says Number 10
A successful deal with the European Union remains the “most…
-
Sentix Investors Confidence rose to 14.7 in August
The summer heat in Europe is also causing economic temperatures…
-
German factory orders -4.0% seasonally adjusted on the previous month
Based on provisional data, the Federal Statistical Office (Destatis) reports…
-
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
China's exports are expected to have maintained solid growth in…