Euro All-Time High

Commentary: The EURUSD is trading at all-time highs and appears to have more upside potential. The rally from 1.4144 is either wave 3 in the 5 wave bull cycle from 1.4015 or just part of wave 3.

Either way, we expect some additional consolidation to be followed by new highs. Potential support is the 38.2% of 1.4144-1.4319 at 1.4253. A bullish bias is warranted as long as price is above 1.4144.

Strategy: Flat