Looks like we have some serious upside. There is still a large net short-position in EUR/USD (though being whittled lower all the time), so a run for 1.4000 barriers cannot be ruled out. 1.4040, the 50% retracement of the 1.4940/1.3140 decline is a further target, followed by 1.4095 where the 100 and 200-day moving averages coincide.
1.3940/50 is really the key area to consolidate above for a melt-up in EUR/USD to unfold.
