European economy is doing well with major economies of Germany, France showing solid GDP growth in recent quarters. Even third largest economy of Italy is also catching up while most of other smaller economies remain well supported. ECB is likely to wind down the Asset purchase program after the August 2018. So the picture looks promising for Euro.
US economy is in very good shape and expected to keep up the GDP growth rate in coming quarters of year 2018. It gives Fedral reseve the confidence to go for Federal fund rate hikes which is a positive for the USD strength.
Bollinger Bands: Bollinger Bands in weekly charts are in contraction phase with EUR/USD hovering around the middle band.
RSI: RSI is entering into bearish territory after the consolidation phase.
Taken Together Bollinger Bands and RSI are in slightly bearish mode in weekly charts.
Bollinger Bands: Bollinger Bands are in expansion phase while EUR/USD is hovering around the upper band.
RSI: RSI has been in bullish territory since the mid 2017 and it expected to retain bullish bias for some months to come.
Taken together Bollinger Bands and RSI are bullish for EUR/USD on monthly charts.
We are most likely to see a consolidation phase in EUR/USD after the long rally seen till September 2017.