EUR/USD has broken the strong support at1.3296. The short-term technical structure isnegative as long as prices remain below thehourly resistance at 1.3336 (12/08/2014 low). Theinitial resistance at 1.3297 (intraday high) ischallenged. An hourly support now lies at 1.3242(21/08/2014 low).
In the longer term, EUR/USD is in a successionof lower highs and lower lows since May 2014. Adownside risk is given by 1.3210 (second leglower after the rebound from 1.3503 to 1.3700).A key support now stands at 1.3105 (06/09/2013low), whereas a key resistance lies at 1.3444(28/07/2014 high).
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