EUR/USD: All boxes for a downside turn have now been checked except the most important one, falling prices. The market is however clearly struggling higher in what looks like a rising wedge, a terminating pattern. Even though it is hard to pinpoint the exact high point we can at least tell that a break of the lower boundary of the wedge and a return into the flag formation, 1.3315, will
be a strong sign of a peak in place. Resistance 1.3370, 1.3392, 1.3434, 1.3504. Support 1.3323, 1.3315, 1.3265, 1.3232.
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