EUR/USD continues to consolidate after its risefrom 1.3673 to 1.3906. The rebound near the keysupport at 1.3780 (09/04/2014 low) has pushedprices close to the top of the recent range.Monitor the resistance at 1.3906. Another keyresistance stands at 1.3967. An hourly supportcan be found at 1.3854 (intraday low).
In the longer term, EUR/USD is still in asuccession of higher highs and higher lows.However, the recent marginal new highs(suggesting a potential long-term rising wedge)indicate an exhausted rise. A key resistancestands at 1.3967 (13/03/2014 high).
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