EUR/USD remains well supported as can beseen by the potential short-term symmetricaltriangle, which usually acts as a continuationpattern. An horizontal resistance stands at 1.3811(11/12/2013 high). Hourly supports now stand at1.3723 (17/12/2013 low) and 1.3709. A keysupport is at 1.3621. Today’s FOMC decision on tapering is likely toadd volatility.• In the longer term, the decline from the peakat 1.3832 (25/10/2013 high) indicates a significantexhaustion of the buying interest. Coupled withoverbought conditions and other nearbyresistances such as the long-term decliningtrendline from the 2008 peak at 1.6038 (around1.3917) and the psychological threshold at1.4000, the upside potential seems limited.
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