EUR/USD is bouncing on support at 1.2223 (23/01/2018 low). Support is located at 1.2190 (15/01/2018 base low). Hourly resistance can be found at 1.2297 (15/01/2018 high). The technical structure suggests further short-term 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). • GBP/USD has successfully challenged support at 1.3830 and is bouncing higher. Hourly resistance can be found at 1.4067. The technical structure suggests further potential ... (full story)