Euro Technical Outlook

The drop from 1.4757 was in 3 waves and price continues to hold above an unorthodox trendline. There is the possibility that a rally through 1.4757 would complete 5 waves up from 1.4438 and give way to another correction. However, it is also possible that the EURUSD is subdividing higher in a larger 3rd wave. With this in mind, the best strategy is to keep moving the stop up.