EUR/USD: Approaching Key Resistance at 1.3172
EUR/USD has broken to the upside out of its symmetrical triangle, which calls for further strength towards 1.3320. Monitor the resistance at 1.3172 (see also declining trendline). An hourly support is at 1.3016 (intraday low).
Even though the long-term trend is still negative (see long-term declining trendline linking the May 2011 high with the August 2011 high), the recent improvements suggest that the rise that started in July 2012 is not over.