EUR/USD Analysis (August 18)

The pair remains well bid after a confirmed break above the long term descending trendline. The former resistance is now playing as a strong support.
A break above 1,4520 (yesterday’s high) would allow an acceleration towards next resistance 1,47 (weekly bollinger band).
Only a break below 1,4320 (last swing low) would negate this bullish outlook for a possible bearish resumption.