EUR/USD reversed perfectly higher after recent corrective pull-back to 1.3260 region as highlighted in our past analysis. The pair recovered more than 140 pips since then and is now threatening highs from January 14th. With that said, market reaction suggests that wave four pull-back is complete and that prices are now rising in wave (v), final leg of an impulsive sequence that still can reach 1.3500 in the next few days; thats 61.8% of wave (iii) distance measured from wave (iv) low @1.3256 (critical region). Any near-term pull-back could find the support around 1.3340, Jan 17 intra-day swing level.
