The recent surge in EUR/USD has reinforced the bullish outlook for the pair and the trend higher is expected to continue. The first count to 1.3705 taken from the 3rd of December low has now already been met. The next count from the 5th December lows consists of a long column of 24 boxes and targets 1.3935. The exchange rate is currently at 1.3710 where it has met a tough line of resistance and is expected to pause and consolidate. There is the possibility of a pull-back to 1.3675 but afterwards the up-trend is expected to resume and go higher.
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