EUR/USD: Challenging The Resistance at 1.3739
EUR/USD is close to the key resistance at 1.3739. Hourly supports are given by 1.3657 (intraday low) and the short-term rising channel (around 1.3635). Another resistance can be found at 1.3819.
Monitor the medium-term horizontal range between the support at 1.3477 and the resistance at 1.3739.
In the longer term, we favour a broad horizontal range between 1.3296 (07/11/2014 low) and 1.3893 (27/12/2013 high). A first key support is given by the 200 day moving average (around 1.3406).