EUR/USD is holding above the recent high at 1.3345 (31/07/2013). A retest of the key high at 1.3417 (19/06/2013) is now anticipated.

A push under 1.3190 (02/08/2013 low) is required to negate the near-term bullish bias that we have in place.

If a retest, or break over, 1.3417 can be achieved, the region between this key high and the annual high is expected to offer a fair degree of resistance and is likely to offer a reasonable short entry opportunity.

Daily Technical Report