EUR/USD has moved above its recent high at 1.3306 and is now challenging the resistance at 1.3319 (see also the 61.8% retracement at 1.3342). The short-term technical configuration remains positive as long as the support at 1.3178 (10/06/2013 low) holds. An initial support can be found at 1.3232 (11/06/2013 low). Another resistance lies at 1.3434. • In the medium-term, the recent price action from 1.2746 (04/04/2013 low) is viewed as a corrective phase within a larger downtrend. However, the recent new high above the May peak indicates a persistent short-term buying interest. Key resistances are at 1.3319 and 1.3520 ... (full story)