EUR/USD reached 1.3686 before finally slipping into a consolidation. Not a bad days work for the pair that continues to move its way higher in stair-step fashion.
Expect some profit-taking toward 1.3700 from accounts who aggressively flipped from short to long over 10 days ago when the ECB began sending hawkish signals. Options protection ahead of a 1.37 barrier is expected as well.
1.3650 is intraday support on pullbacks near-term. Expect a few trailing stops to gather around the 1.3640 level on pullbacks now.
