Daily Technical Report

EUR/USD has risen for the last two days,reflecting a persistent short-term buying interest.Monitor the resistance at 1.3579. Supports are at1.3400 (21/11/2013 low) and 1.3296. Anotherresistance can be found at 1.3651. In the longer term, the decisive break of thestrong support at 1.3462 (see also the risingchannel) confirms that a significant top at 1.3832has likely been made and favours the start of anew phase of weakness. A gradual declinetowards the key support at 1.3105 (06/09/2013low) is likely.

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