EUR/USD is regaining strength after a short decline yesterday. The pair has strongly bounced back. 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 1.1554 (08/11/2017 low).
. The technical structure suggests further short-term upside moves.){kind=link}