Recent commentary has focused on the ideas that “it looks as if the EURUSD could explode higher any moment now, given that the rally from 1.4438 may be a series of 1st and 2nd waves -- a common pattern that occurs before a big move.” As long as the market continues to prove us correct, there is little reason to exit -- especially if it looks as if a third wave is underway. Risk can be moved to 1.4531.
STRATEGY: Bullish, against 1.4531, target mid 1.50s
