EUR/USD is weakening, approaching hourly support at 1.2165 (17/01/2018 low). Hourly resistance remains at 1.2434 (06/02/2018 high). The technical structure suggests downside moves.
In the longer term, the momentum is turning largely positive. We favor a continued bullish bias. Key resistance is holding at 1.2886 (15/10/2014 high) while strong support lies at 1.1554 (08/11/2017 low).
. Hourly resistance remains at 1.2434 (06/02/2018 high). The technical structure suggests downside moves.){kind=link}