EUR/USD strong bounce from 1.1510(29/05/2018 low) continues, trading above 1.17and heading along 1.1718. The short-term trendremains negative as long as prices remain belowhourly resistance at 1.1993 (14/05/2018 high).Hourly support is given at 1.1510 (29/05/2018low).
In the longer term, the momentum is turninglargely negative. We favor a continued bearishbias. Key resistance is holding at 1.2886(15/10/2014 high) while strong support lies at1.0341 (03/01/2017 low).
