Euro Tests 1.3800

Commentary: As expected, the EURUSD rallied strongly in a third wave on Friday. There is no reason to change the outlook at this point for a new high (above 1.3852).

Very short term, the pair could drop below 1.3755 to complete a flat correction before the larger advance continues. The bullish bias is strong as long as price is above 1.3663.

Strategy: Remain bullish, risk is at 1.3551, target above 1.3852