The EURUSD has finally turned as we had been expecting for the last week.
1.5364 is viewed as a significant bottom and price is expected to exceed 1.5817 in the next few weeks. Regarding the bigger picture, it is possible that a push through 1.5817 will complete the second leg of a flat or the third leg of a triangle within a larger correction from 1.6018. The other possibility is that the EURUSD goes on to new highs before forming a significant multi year top. Either way, we are bullish against 1.5364.
STRATEGY: Bullish, against 1.5364, target above 1.5817