EUR/USD rises further to as high as 1.4035 so far today, just inch below 61.8% projection of 1.2873 to 1.3860 from 1.3427 at 1.4037. Intraday bias remains on the upside for further rally. Break of 1.4037 will extend the whole rise from 1.2873 towards 1.4281 key resistance next. On the downside, below 1.3940 minor support will turn bias neutral and bring retreat. Nevertheless, near term outlook will remain bullish as long as 1.3427 support holds.
In the bigger picture, as long as 1.3427 support holds, we'd favor the case that rise from 1.2873 is extending rebound from 1.1875. Also, that would mean that we're favoring the case that medium term correction 1.6039 was completed with three waves down to 1.1875 and the long term up trend might be resuming. Break of 1.4281 resistance will further affirm this case and target 1.5143 resistance and then 1.6039 high.
[ price now 3975 : up if 4035 : down/neutral if 3940 ]