EUR/USD has further recovered off supportat 1.3780. However, bullish rally is weak. Neartermsupport is located at 1.3785 (22/04/2014low, see also the low of the rising channel). Thenext resistance is at 1.3907 (11/04/2014 high). The short-term technical configuration remainspositive as long as the support at 1.3730 holds
In the longer term, EUR/USD is still in adominate uptrend, suggesting additional upsidecan be anticipated. A significant resistance nowlies at 1.3876 (24/03/2014 high).
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