EUR/USD keeps on increasing since the beginning of 2018. The pair has strongly bounced back and reached further its former resistance point at 1.2092 (08/09/2017 high). Hourly support at 1.1718 (12/12/2017 low). Stronger support is given a distance at 1.1916 (09/01/2018 low).
In the longer term, the momentum is now turning largely positive. We favour a continued bullish bias. Key resistance is holding at 1.2856 (15/10/2014 high) while strong support lies at 1.0341 (03/01/2017 low).
