• EUR/USD is bouncing after having successfully tested its recent low at 1.3296 (see also the 50% retracement). Resistances can be found at 1.3449 (05/11/2013 low) and 1.3548. Another support
lies at 1.3230 (10/09/2013 low).
• In the longer term, the decisive break of the strong support at 1.3462 (see also the rising channel) confirms that a significant top at 1.3832 has likely been made and favours the start of a new phase of weakness. A gradual decline towards the key support at 1.3105 (06/09/2013 low) is likely.
Read the full report: Technical Research
MIG Bank