EUR/USD is challenging again the strongsupport at 1.3643 (see also the 200 day movingaverage). A break of the resistance at 1.3734(19/05/2014 high) is needed to confirm a shorttermexhaustion of the current selling pressures.Another resistance can be found at 1.3775(12/05/2014 high), whereas another support liesat 1.3562 (12/02/2014 low).
In the longer term, EUR/USD has broken itslong-term rising trendline (see also the supportat 1.3673), indicating a clear deterioration of theunderlying bullish momentum. A break of thekey support at 1.3643 (27/02/2014 low) is neededto confirm a long-term bearish trend reversal(potential double-top).
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