Now approaching the February high of 1.31, the EURUSD rally is expected to accelerate, ideally with price above 1.2832. As I’ve mentioned in recent weeks, the decline from 1.3333 was a diagonal which completed 5 waves down from 1.4723. Diagonals are usually fully retraced, and quickly. A deeper correction of the decline from 1.4723 could reach 1.38, although that would probably take at least a month. Bulls can move risk to 1.2830 and there is short term support at 1.2950/90.