EUR/USD has not challenged hourly resistanceat 1.3833 (15/04/2014 high), suggesting a periodof sideways trending. A test of the resistance at1.3162 (28/02/2013 is still likely. An hourlysupport is at 1.3800 (15/04/2014 low). Failure tofind support here, will warn of a larger downsidecorrective phase to1.3673.
In the longer term, EUR/USD is still in adominate uptrend, suggesting additional upsidecan be anticipated. A significant resistance nowlies at 1.3876 (24/03/2014 high).
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MIG Bank