Euro Technical Outlook

Bullish structure has held and the EURUSD is breaking to new highs. A 3rd wave is underway near term that should take the EURUSD above 1.3742, maybe as early as next week. Price is above the 200 day SMA now and there is no chart resistance until 1.3586. Risk can be moved to 1.3342 although at this point, price should not come near that level. Again, the objective remains above 1.3742 and in the 1.4100-1.4200 area.