EUR/USD Technical Analysis: bulls make it through an important barrier, 1.18 mark now on cards

   •  ECB QE exit talks helped the pair to finally breakthrough 1.1735-40 strong resistance.
   •  Technical indicators on 4-hourly charts hold in positive territory and suggest additional gains. 
   •  Retracement back below the 1.1700 handle might negate the near-term bullish outlook.

EUR/USD 4-hourly chart

Spot Rate: 1.1764
Daily Low: 1.1711
Trend: Bullish

Resistance
R1: 1.1781 (R2 daily pivot-point)
R2: 1.1800 (round figure mark)
R3: 1.1874 (200-period SMA H4)

Support
S1: 1.1722 (100-period SMA H4)
S2: 1.1701 (daily pivot-point)
S3: 1.1653 (overnight swing low)