EUR/USD: Making Multi-Month Highs
EUR/USD has moved above the strong resistance at 1.3893. The technical configuration is positive as long as the support at 1.3834 (11/03/2014 low) holds. An initial support lies at 1.3896 (intraday low). A psychological resistance can be found at 1.4000.
In the medium-term, the ascending triangle formation calls for a further upside potential towards 1.4368. A key resistance lies at 1.4247 (27/10/2011 high), whereas a key support is at 1.3643 (27/02/2014 low).