The EUR/USD keeps rising. Being stuck above 1.32, the pair broke through the last frontier represented by 61.8% Fibonacci level for the movement from 1.3414 to 1.2755, and opened the perspective of reaching the June highs at 1.3414. The pair may find the resistance at 1.3250 and 1.3300 heading this way. However, the technical indicators entirely support the price growth: the oscillators are far from the overbought area, with no signs of divergence, the pair is above important moving averages. Taking those facts into account, we do not exclude the possibility of growing on by the pair in the near future. However, our medium-term expectations are still in favor of the US currency, so the approach to 1.34 is considered by us as an opportunity to take a short position on the euro.