EUR/USD remains in a succession of higher lows with a significant support at 1.3190 (02/08/2013 low). However, prices are short-term overbought and are close to a strong resistance at 1.3417.

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

Daily Technical Report