EUR/USD is decreasing after its break of resistance at 1.2537 (25/01/2018 high). Heading toward 1.23 range. Hourly support at 1.2165 (17/01/2018 low) is approaching. The technical structure suggests further downside moves.
In the longer term, the momentum is turning largely positive. We favor a continued bullish bias. Key resistance is holding at 1.2886 (15/10/2014 high) while strong support lies at 1.1554 (08/11/2017 low).