EUR/USD’s recent strength and the potentialhigher low posted yesterday suggest apersistent short-term buying interest. Monitorthe resistance at 1.3579. Hourly supports are at1.3490 (25/11/2013 low) and 1.3400 (21/11/2013low). Another resistance can be found at 1.3651. In the longer term, the decisive break of thestrong support at 1.3462 (see also the risingchannel) confirms that a significant top at 1.3832has likely been made and favours the start of anew phase of weakness. A gradual declinetowards the key support at 1.3105 (06/09/2013low) is likely.
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MIG Bank