EUR/USD Technical Analysis: 1.1750 key resistance is broken to the upside as Draghi goes hawkish – 1.1853 is the next target for bulls

• EUR/USD main bear trend is switching to bullish as EUR/USD is trading above its 100-day simple moving average.
• EUR/USD broke above the 1.1750 key resistance and is currently testing the 1.1800 figure as Draghi goes hawkish.
• EUR/USD is trading above its 50, 100 and 200-period simple moving averages while the RSI, MACD and Stochastics indicators are bullish. The next main bullish target is seen at 1.1853 June 14 high and 1.1900 figure.  

EUR/USD 4-hour chart

Spot rate:             1.1805
Relative change:     0.48%  
High:                    1.1816
Low:                     1.1723

Main trend:                    Bullish

Resistance 1:   1.1800 figure
Resistance 2:   1.1853 June 14 high
Resistance 3:   1.1900 figure

Support 1:   1.1750 key resistance (July)
Support 2:   1.1722 last week high
Support 3:   1.1654 August 27 high
Support 4:   1.1630 August 8 high key level
Support 5:   1.1600 figure
Support 6:   1.1572 July 19 low
Support 7:   1.1542 supply/demand level
Support 8:   1.1530 August 23 swing low
Support 9:   1.1508 June 8 low