EUR/USD has further improved, breaking outof its short-term declining channel and pushingabove near term resistance. Monitor theresistance at 1.3820 (see also 50% retracement). Hourly supports now lie at 1.3820 (old resistance)and 1.3673. Another resistance can be found at1.3876.
In the longer term, EUR/USD is still in asuccession of higher highs and higher lows,suggesting additional upside can be anticipated.A significant resistance now lies at 1.3876(24/03/2014 high).
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MIG Bank