EURUSD Trend Remains Up

A glance at the EURUSD 5 minute chart indicates that the larger trend does remain up. The wave principle (WP) tells us that moves in the direction of the larger trend are in 5 waves. The rally from 1.3859 (today’s low) is in 5 waves. A corrective decline should drawn price below 1.3960 before the next bout of strength.