EUR/USD continues its rally, closing in on the 1.3950 level. I assume there are small barriers at that level,as there seem to be at every 50 pips, but much, much larger interest will be up at 1.4000. As Sean often points out “optionality” tends to act like a magnet for prices, so a rally toward 1.4000 can’t be discounted. Technically, 1.4025 is the next hurdle on the charts, A high dating back to February of this year.
