The EURUSD is threatening to break higher and test the December 2008 high of 1.4723. A potential target is 1.5245, which is the 78.6% retracement of the decline from above 1.6000. This level intersects with potential trendline resistance at the end of September. 1.4200/80 is a support zone and bulls are firmly in control as long as price is above 1.4044.