EUR/USD is trading mixed. The pair is now retracing and lies well above 1.2325 (17/01/2018 high). Hourly support is given at 1.2223 (23/01/2018 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 1.1554 (08/11/2017 low).
.%20Hourly%20support%20is%20given%20at%201.2223%20(23/01/2018%20low).%20The%20technical%20structure%20suggests%20further%20short-term%20upside%20moves.){kind=link}