The EURUSD has reached the 50% retracement of the decline from 1.4723. Additional upside is certainly possible; to the 61.8% at 1.38 or the 200 day SMA at 1.39 (there is also a potential trendline near 1.39 for the next several weeks). Today was also the largest % gain for the EURUSD ever (since 1999). When the market gives you a gift, take it. The point is, don’t get greedy with longs…you may want to take some off of the table.
