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EUR/USD - Monitoring Long-Term Support
EUR/USD's buying pressures are clearly on. Hourly resistance is given at 1.0652 (intraday high). A break of resistance at 1.0746 (17/11/2016 high) is needed to confirm a reversal. Expected to show continued weakness.
In the longer term, the death cross indicates a further bearish bias despite the pair has increased since last December. Key resistance holds at 1.1714 (24/08/2015 high). Strong support is given at 1.0458 (16/03/2015 low).