EUR/USD is grinding higher within thehorizontal range between 1.3503 and 1.3677. Anhourly support lies at 1.3565 (20/06/2014 low, seealso the 61.8% retracement). An hourlyresistance can be found at 1.3644 (19/06/2014high).
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 long-term downside risk impliedby the double-top formation is 1.3379. Keysupports can be found at 1.3477 (03/02/2014 low)and 1.3296 (07/11/2013 low).
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