EUR/USD bounced yesterday near the supportat 1.3780. However, bullish rally is weak. Anhourly support is at 1.3780 (22/04/2014 low, seealso the low of the declining channel). The nextresistance is at 1.3906 (11/04/2014 high). Theshort-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
Swissquote