The EURUSD is expected to exceed 1.6018 and continue on to all-time highs in the next few weeks BUT a triangle may be unfolding in which case the advance from 1.5303 would be wave D and wave E would be underway now.
E waves of triangles are usually sharp and deep; so it is probable that the decline would continue until 1.53/1.54. Longer term traders should remain bullish against 1.5303 and look to add to long positions on the wave E drop. Short term traders should be bearish against 1.5837 and look to flip on the wave E drop.
STRATEGY: Bullish, against 1.5303 (short term traders should be bearish against 1.5837), target is above 1.6018
