EUR/USD has broken the key resistance at1.3739, opening the way for a move towards theresistance at 1.3819. Hourly supports can befound at 1.3692 (see also the short-term risingchannel) and 1.3657 (intraday low, see also 38.2%retracement of the rise from 1.3477).
The break to the upside out of the mediumtermhorizontal range between 1.3477 and1.3739 indicates a persistent buying interest.
In the longer term, we favour a broadhorizontal range between 1.3296 (07/11/2014low) and 1.3893 (27/12/2013 high).
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MIG Bank