EUR/USD is stabilizing at the 1.2385 range after breaking hourly resistance at 1.2434 (26/02/2018), heading for further decline along 1.2350. Hourly support and resistance are given at 1.2112 (12/01/2018 low) and 1.2475 (31/01/2018 high). The technical structure suggests further downward 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).