EUR/USD has thus far unable to catch a properbid the mid-term uptrend defines. Therefore, inthe short term is moving within a falling channel. An hourly support is at 1.3780 (09/04/2014 low,see also the low of the declining channel). The next resistance is at 1.3731 (21/04/2014 high). The short-term technical configuration remainspositive as long as the support at 1.3730 holds
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).
Read the full report: Technical Research
MIG Bank