EUR/USD is approaching the key support at1.3643 (see also the closest rising trendline),which could spur some short-term buyinginterest. Hourly resistances can now be found at1.3753 (02/04/2014 low) and 1.3820 (02/04/2014high).
In the longer term, EUR/USD is still in asuccession of higher highs and higher lows.However, the recent marginal new highs(suggesting a potential long-term rising wedge)indicate an exhausted rise. As a result, we wouldfavour selling short-term overextended rallies. Asignificant resistance now lies at 1.3876(24/03/2014 high).
Read the full report: Technical Research
MIG Bank