EUR/USD is decreasing further, breaking hourly support at 1.2276 (14/02/2018 low) and heading to further resistance at 1.2165 (17/01/2018 low). Hourly resistance at 1.2510 (15/02/2018 high) is distanced. 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).
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