EUR/USD rose sharply yesterday and hassucceeded in making higher highs. Monitor thekey resistance at 1.3739. Hourly supports aregiven by 1.3657 (intraday low) and the short-termrising channel (around 1.3595). Anotherresistance can be found at 1.3819.
Monitor the medium-term horizontal rangebetween the support at 1.3477 and theresistance at 1.3739.
In the longer term, we favour a broadhorizontal range between 1.3296 (07/11/2014low) and 1.3893 (27/12/2013 high). A first keysupport is given by the 200 day moving average(around 1.3400).
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MIG Bank