EUR/USD is bouncing. Monitor the hourly resistance at 1.1460 (see also the declining trendline). Another hourly resistance lies at 1.1541 (20/01/2015 low). Hourly support can be found at 1.1224 (27/01/2015 low) and 1.1098.
In the longer term, the symmetrical triangle favours further weakness towards parity. Key supports can be found at 1.1000 (psychological support) and 1.0765 (03/09/2003 low). A resistance lies at 1.1679 (21/01/2015 high), while a key resistance stands at 1.1871 (12/01/2015
high).
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