EUR/USD keeps on increasing. The pair has strongly bounced back and broke resistance at 1.2325 (17/02/2018). Hourly support is given at 1.2165 (17/01/2017 low). The technical structure suggests further short-term upside moves.
In the longer term, the momentum is turning largely positive. We favor a continued bullish bias. Key resistance is holding at 1.2856 (15/10/2014 high) while strong support lies at 1.0341 (03/01/2017 low).
. Hourly support is given at 1.2165 (17/01/2017 low). The technical structure suggests further short-term upside moves.){kind=link}