We maintain that a triangle is complete at 1.4438. Recent commentary has focused on the ideas that “it looks as if the EURUSD could explode higher any moment now, given that the rally from 1.4438 may be a series of 1st and 2nd waves – a common pattern that occurs before a big move.” The big move is probably under way now. Risk can be moved to 1.4482 but ideally price remains above 1.4531.
STRATEGY: Bullish, against 1.4531, target mid 1.50s