EUR/USD after testing 1.14 support today has embarked back on the upward movement. It is currently trading around 1.1480 and this could be the beginning of the 3rd wave in the classic 5 Elliot wave movement. It is still early to tell for certain and it may not work out that way, but I think it is very possible. If so then there should be quite some appreciation ahead and pips to be made. I think euro appreciation is also possibile from the fundamental aspect as risk aversion concerning global trade turmoil has subsided.
