EUR/USD keeps on increasing. The pair has strongly bounced back and broke resistance at 1.2325 (17/02/2018). Hourly support is given at 1.2165 (17/01/2017 low). The technical structure suggests further short-term upside moves.
In the longer term, the momentum is turning largely positive. We favor 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).
.%20Hourly%20support%20is%20given%20at%201.2165%20(17/01/2017%20low).%20The%20technical%20structure%20suggests%20further%20short-term%20upside%20moves.){kind=link}