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EUR/USD - The Resistance at 1.1043 Remains Intact

EUR/USD has improved. However, the key resistance area between 1.1043 and 1.1114 remains intact. Hourly supports now lie at 1.0864 (03/04/2015 low) and 1.0713.

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).

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