8110413 11/14/2017 4:26 PM, EUR/USD MT: the bias remains bullish.


Pivot: 1.1100


Our preference:

long positions above 1.1100 with targets at 1.2350 & 1.2600 in extension.


Alternative scenario:

below 1.1100 look for further downside with 1.0870 & 1.0330 as targets.


Comment:

The pair has strongly rebounded and has broken above a declining trend line in place since May 2016 and above the declining 50-weeks moving average. The pair is currently facing a slight pull back but remains on the upside.


Supports and resistances:


1.3100

1.2600

1.2350


1.1705

Last

1.1100

1.0870

1.0330