EUR/USD's rebound close to the support implied by the recent lows at 1.0495 continues to be unimpressive. Support lie at 1.0336 (31/03/2003 low). Hourly resistances for a shortterm bounce can be found at 1.0694 (12/03/2015 high) then 1.0717 (10/03/2015 high).
In the longer term, the symmetrical triangle favors further weakness towards parity. As a result, any strength is likely to be temporary in nature. Key resistances stand at 1.1534 (03/02/2015 high) and 1.1679 (21/01/2015 high). Key supports can be found between 1.0199 and 1.0074.
Daily Technical Report
