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Jul 17 - 05:00 PM
EUR/USD, EUR/JPY, EUR/GBP: L-Term & S-Term Trends - ING
First appeared on eFXplus on Jul 17 - 03:15 PM

ING summarizes its technical bias for EUR/USD, EUR/JPY, and EUR/GBP. 

EUR/USD

Long-term trend: Down. Still moving within an 8-year falling trend channel

Short-term trend: Neutral. No short-term strength, sideways between 1.1185-1.1435

EUR/JPY

Long-term trend: Down. A test of the solid horizontal around 111.95 should be expected

Short-term trend: Down. Deteriorating after making a lower high at the MA-50 line

EUR/GBP

Long-term trend: Neutral. Prices will meet strong resistance between 0.9000 and 0.9100

Short-term trend: Up. New short-term highs are confirming the uptrend

Source:
ING Research/Market Commentary

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