Technical forecast for EUR/USD

EURUSD held Tuesday’s high of 1.3598 as we look for a test of good support at 1.3465/55 today & this could hold the downside. However longs need a stop below 1.3425 for 1.3375 and again this should be seen as a good buying opportunity with strong support.

Resistance at 1.3540/60 could cap today with the daily picture calling for further profit taking but a break higher hits 1.3596/98 with further tough resistance at 1.3615. It should be worth attempting shorts here with a stop above 1.3660 as a break higher could lead us back to 1.3700/711 highs.