EUR/USD has moved above the resistance at1.3579, reflecting a persistent short-term buyinginterest. Another resistance can be found at1.3651. Hourly supports are at 1.3490(25/11/2013 low) and 1.3400 (21/11/2013 low). In the longer term, the decisive break of thestrong support at 1.3462 (see also the risingchannel) suggests that a significant top at 1.3832has been made and favours the start of a newphase of weakness. A gradual decline towardsthe key support at 1.3105 (06/09/2013 low) islikely.
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