EUR/USD is trying to stabilise after its recentsharp decline. Resistances for a short-termrebound are given by 1.3812 (02/05/2014 low)and 1.3871 (intraday high, see also the 50%retracement). An hourly support now lies at1.3745 (09/05/2014 low), while a key supportstands at 1.3673 (see also the rising trendline).
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 break of the keysupport at 1.3643 (27/02/2014 low) is needed toconfirm a long-term bearish trend reversal.
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