EUR/USD has thus far successfully tested the support at 1.1262. However, the inability to break the hourly resistance at 1.1359 suggests persistent selling pressures. Another hourly resistance can be found at 1.1431 (intraday low, see also the declining trendline), whereas
another support lies at 1.1098.
In the longer term, the symmetrical triangle favours further weakness towards parity. As a result, any strength is likely to prove temporary. A resistance lies at 1.1679 (21/01/2015 high), while a key resistance stands at 1.1871 (12/01/2015 high). Key supports can be found at 1.1000 (psychological support) and 1.0765 (03/09/2003 low).
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