Euro In Beginning of Blow off Top?
Commentary: The EURUSD may have entered wave iii of 3 of larger 5. If this is the case, then the rally will accelerate in the next few days. Wave 3 higher is considered underway as long as price is above 1.4569.
From a bigger picture perspective, the FX market is being driven right now by fear (fearing the US dollar). Fear is powerful and is the emotion that typically leads to parabolic moves.
Strategy: Bullish, against 1.4687, target 1.5300