The longer term bullish bias remains favored as long as price is above 1.5303.
The EURUSD is expected to exceed 1.6018 and continue on to all-time highs in the next few weeks. Beware though that a triangle may be unfolding right now. The advance from 1.5303 would be wave D and wave E would begin from below 1.5843 (now). E waves of triangles are usually sharp and deep; so it is probable that the decline would continue until 1.53/1.54. The other possibility is that larger wave IV ended at 1.5283. Even then, a corrective decline should bring the pair back to 1.5630/1.5685 before the bull resumes.
STRATEGY: Bullish, against 1.5468, target above 1.5843 (but beware of the triangle potential)
