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EUR/USD update (17th May 2017, 10:00)

EUR/USD bullish outlook seems to persist.

EUR/USD bullish outlook seems to persist.

After big moves higher over the past three days, it is not surprising to see EUR/USD pause for breath. However, so long as it holds above $1.10, the key resistance from earlier in the month that is now support.

Given that there has been very little in the way of retracements over the past few days, this move is to be welcomed. The bullish outlook persists, with upside targets at $1.1141 and $1.1279, unless we see a daily close below $1.10.


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EUR/USD update (17th May 2017, 10:00)

EUR/USD bullish outlook seems to persist.

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