EUR/USD has broken the key support areabetween 1.3673 and 1.3643. The short-termtechnical structure calls for further weakness aslong as prices remain below the resistance at1.3669 (27/05/2014 high). Another resistance liesat 1.3734 (19/05/2014 high). A support stands at1.3562 (12/02/2014 low).
In the longer term, the break of the long-termrising wedge (see also the support at 1.3673)indicates a clear deterioration of the technicalstructure. The downside risk implied by thedouble-top formation is 1.3379. Key supportscan be found at 1.3477 (03/02/2014 low) and1.3296 (07/11/2013 low).
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