It's all about Trumpcare

The EUR/USD pair closed higher for a fourth consecutive week, slightly lower but very close to the yearly high of 1.0828 marked in February. 
Looking ahead we may assure that generally the US Dollar is going to be weak. The political issues in USA define major stuck in range. Trumpcare and the administration services provided by the random elect support a lot the instability of the currency.

Technically the pair moved up and met a major resistance area, posting 1.0824 before retreating modestly. The February monthly high is located at  1.0828, but at 1.0820, the pair has met the 50% retracement of the post-US election slump. The pullback from the this high has been a little bit shallow, because the price is staying above 1.0760, which is to say that the buying interest is confined. On the daily chart RSI and stochastic are printing higher highs and lower lows and both indicators are located withing the overbought region, but still keep heading north. The 20-day and 100-day SMA has crossed to above and currently are showing bullish slope. Strong support is seen at 1.0700 and until holding above it, the game will be played by bulls’ team.