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MIG Bank

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

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EUR/USD: Grinding Higher

EUR/USD has thus far failed to make any follow-through after the move above the strong resistance at 1.3893 (27/12/2013 high). However, the short-term technical configuration remains positive as long as the support at 1.3834 (11/03/2014 low) holds. An initial support can be found at 1.3879 (17/03/2014 low). A resistance stands at 1.3915.

In the medium-term, the ascending triangle formation favours 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).

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