EUR/USD has thus far failed to hold above thestrong resistance at 1.3893. Hourly supports canbe found at 1.3825 (28/02/2014 high) and 1.3708(05/03/2014 low, see also the rising channel).
In the medium-term, the potential ascendingtriangle formation hints at further upsidepotential towards 1.4368. A key resistance lies at1.4247 (27/10/2011 high). A break of the supportat 1.3643 is needed to invalidate the currentmedium-term bullish bias.
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MIG Bank