EUR/USD is pausing after its rebound from the low at 1.1098. A break of the hourly resistance at 1.1460 (see also the declining trendline) is needed to suggest something more than a temporary bounce. Another hourly resistance lies at 1.1541 (20/01/2015 low). Hourly supports
can now be found at 1.1262 (29/01/2015 low) and 1.1224 (27/01/2015 low).
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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