EUR/USD - Fading Near The Key Resistance at 1.1043
EUR/USD has weakened near the key resistance area between 1.1043 and 1.1114. Hourly supports can be found at 1.0768 and 1.0613. An hourly resistance now lies at 1.0896 (27/03/2015 high).
In the longer term, the symmetrical triangle favours further weakness towards parity. As a result, any strength is likely to be temporary in nature. Strong resistances stand at 1.1114 (05/03/2015 low) and 1.1534 (03/02/2015 high). Key supports can be found at 1.0504 (21/03/2003 low) and 1.0000 (psychological support).