EUR/USD's last week break above key-resistance between 1.3848 and 1.3893 (monthly trend/last top) has opened the door for additional gains, notes JP Morgan. Such gains, according to JPM, could extend towards 1.3993 (monthly Ichimoku-lagging) and possibly to 1.4259/83 (int. 76.4 %/pivot), as long as the pair manages to stay above 1.3824. "Given the generally erratic price swings in the markets we keep a close eye on 1.3824/18 (pivot/hourly Ichimoku-lagging) as well as on 1.3781/51/39 (minor 38.2 % on 2 scale/daily trend) as breaks below would provide strong indications that the broader countertrend rally has been ... (full story)