EUR/USD short-term bullish momentum isdominate despite pause, after breaking out of itsshort-term declining channel and pushing abovenear term resistance. Monitor the resistance at1.3820 (see also 50% retracement). Hourlysupports now lie at 1.3820 (old resistance) and1.3673. 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