EUR/USD has broken its support at 1.3333 andis now challenging the strong support at 1.3296.Hourly resistances for a short-term bounce canbe found at 1.3336 (12/08/2014 low) and 1.3366(intraday high).
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).Strong supports stand at 1.3296 (07/11/2013 low)and 1.3105 (06/09/2013 low). A key resistance liesat 1.3444 (28/07/2014 high).
Read the full report: Technical Research