EUR/USD has broken the key support at 1.1640 and has moved below the psychological support at 1.1500, confirming persistent selling pressures. Hourly resistances can be found at 1.1649 (see also the declining trendline) and 1.1747 (intraday high). The hourly support at 1.1546 (19/01/2015 low) is challenged. Another hourly support lies at 1.1460.
In the longer term, the break of the strong support area between 1.2043 (24/07/2012 low) and 1.1877 (07/06/2010 low) confirms the underlying bearish trend. The long-term symmetrical triangle favours further significant weakness. Key supports can be found at 1.1000 (psychological support) and 1.0765 (03/09/2003 low), whereas a key resistance stands at 1.2252 (25/12/2014 high).
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