EUR/USD: Breaks resistance at 1.3833
EUR/USD has broken hourly resistance at 1.3833 and is ready to challenge the resistance at 1.3851 (16/04/2014 high). The short-term technical configuration remains positive as long as the support at 1.3830 (old resistance holds.
In the longer term, EUR/USD is still in a dominate uptrend, suggesting additional upside can be anticipated. A significant resistance now lies at 1.3876 (24/03/2014 high).