EUR/USD bullish pattern continues, bouncing off from 1.1826 (09/05/2018 low) and heading along the 1.1975 range. The pair is currently trading at mid-January 2018 levels. Hourly support and resistance are located at 1.1812 (25/12/2017 low) and 1.2323 (17/01/2018 high). The technical structure suggests short-term upward 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).
