EUR/USD is edging higher at the moment. Hourly resistance is located at 1.1690 (03/11/2017 high) has been broken. Hourly support is given at 1.1554 (07/11/2017 low). Expected to show some short-term consolidation.
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).
