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EUR/USD - Short Term Bearish

EUR/USD is still in a mid-term bullish momentum. Hourly resistance for a short-term bounce is given at 1.1495 (15/10/2015 low). Nonetheless, on the short term the pair is heading downside. Other resistance can be found at 1.1561 (26/08/2015 low). Support lies at 1.1087 (03/09/2015 low). Expected consolidation before entering into an upside move.

Since March 2015, the pair is improving. Key supports can be found at 1.0458 (16/03/2015 low) and 1.0000 (psychological support). The technical structure favours an eventual break higher. Strong resistance is given at 1.1871(12/01/2015)

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