The Euro tested the resistance we described as "important" 1.3675 with amazing accuracy, as yesterday's high was 1.3677. We still believe that 1.3675 is the key that can open the way for more gains. And still, the "fight" between this advancement and this resistance will be the deciding factor which will determine the direction that we will take from these levels. If the price manages to break the resistance, the rise will go on and get stronger as we see it targeting the important 1.3776 & if broken we will not be surprised to see 1.3861. The support is at 1.3625, and breaking it would mean that we are on the way to test Tuesday's low 1.3544 once again, and then head towards a very important support, provided by the 61.8% Fibonacci level for the whole rise from 1.3281, which is at 1.3437. In case we reach this level or come close to it, it will be a critical level not only for the short term but for the medium term as well. It is worth noticing that the EURUSD has not filled the gap or "closed the window", and thus, the possibility of downside activity remains there.

Support:

* 1.3625: the rising trend line from 1.3281 on the hourly chart..

* 1.3544: Tuesday's low.

* 1.3437: Fibonacci 61.8% for the rise from 1.3281.

Resistance:

* 1.3675: short term Fibonacci 61.8%, the resistance that stopped yesterday's rise.

* 1.3776: Mar 15th high.

* 1.3861: Jan 29th low.