[B]Commentary[/B]: The push through 1.3437 signals that wave iii, of a 5 wave rally that began at 1.3261, is underway. An objective is 1.3656, the 161.8% extension of 1.3261-1.3437/1.3371. Watch the 1.3550 area for resistance as well. The 6/5 high is 1.3552 and the 100% extension is at 1.3547.
A break above 1.3472 would be a strong indication that a 3rd of a 3rd? is underway (these are often the strongest moves).
[B]Strategy[/B]: Bullish, against 1.3371, targeting 1.3656