Euro Technical Outlook

Bullish structure has held and the EURUSD is breaking to new highs. Price is approaching the 200 day SMA but there is no chart resistance until 1.3586. Keep risk to 1.3251 although at this point, price should not come near that level. In the event of a setback, 1.3350-1.3390 is potential support. The objective remains above 1.3742 and in the 1.4100-1.4200 area.