Euro Test of 1.3680 Is Likely

Commentary: The EURUSD bullish scenario is playing out but bulls must contend with potential trendline resistance from the 4/30 and 5/16 highs. That line is just above current price. It is possible that there are 5 waves up from 1.3392.

Support should be strong at the wave 4 low of 1.3475. A strong rally in wave 3 should be then next move of consequence. 1.3392 must hold for us to remain bullish.

Strategy: Aligning with uptrend at 1.3475, against 1.3391, targeting above 1.3680.