EUR/USD remains supported by its risingchannel (see also the support at 1.3692). Thebreak of the initial resistance at 1.3728 (intradayhigh) validates a tiny base formation, whichfavours a test of the resistance at 1.3773. Another resistance can be found at 1.3819.
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