EUR/USD is way into a bearish trend. Yet, short-term bullish momentum currently increases. Hourly resistance can be found at 1.1834 (11/10/2017 high). Strong support is given at a distance at 1.1662 (17/08/2017 low). Expected to show some weakness as long as the pair remains below 1.1800.
In the longer term, the momentum is now turning largely positive. We favour a continued bullish bias. Key resistance is holding at 1.2252 (25/12/2014 high) while strong support lies at 1.0341 (03/01/2017 low)
