EUR/USD is starting a consolidation phase along the 1.2440 range, just below hourly resistance at 1.2506 (25/01/2018 high). Hourly support remains at 1.2165 (17/01/2018 low). The technical structure suggests short-term sideways trading 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).