EURUSD already break its daily channel on my chart. Euro is still bullish as said by Jean-Claude Juncker, the head of the euro-area Finance Ministers said the euro is too strong and the dollar is not in line with fundamentals. He also said he would invest in Euro when the price reached 1.40. EURUSD is extremely overbought and many of my fellow traders expect the price will retrace for wave 4 in last week. But it did not happened.
Until the lower red trendline remain intact, my outlook remain bullish and maybe I should target to weekly trendline.. somewhere around 1.4200.