There is no change in view. We are still looking for a breakout above 1.6826 for a continuation higher to 1.7277 as the next major upside target. Ideally, support at 1.6540 will continue to protect the downside for the breakout above 1.6826, but a break below 1.6540 is likely to delay the expected upside pressure closer to 1.6325 before renewed upside pressure can be expected.
We are long EUR from 1.6603 and will move our stop higher to 1.6550. If you are not long you should only buy upon a breakout above 1.6718.
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