EUR/USD continues to hold above its recentlow at 1.3333 but rallies have thus far beenunimpressive. Hourly resistances can be found at1.3415 (13/08/2014 high) and 1.3444.
In the longer term, EUR/USD is in a successionof lower highs and lower lows since May 2014.The downside risk is given by 1.3210 (second leglower after the rebound from 1.3503 to 1.3700).A strong support stands at 1.3296 (07/11/2013low). A key resistance lies at 1.3549 (21/07/2014high).
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