EUR/USD is now trading around 1.20. The pair lies in a bullish short-term momentum. Strong resistance is given at 1.2092 (08/09/2017 high) while hourly support can be found at 1.1980 (intraday low). Stronger support is given a distance at 1.1718 (12/12/2017 low). Expected to show continued increase.
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).