EUR/USD has started to pull-back from the 1.3810 highs. So far the pull-back seems quite tame and it is probably just a correction of the dominant up-trend, which will resume once again eventually. A break below 1.3730, however, would be quite a bearish sign and indicate the correction was likely to fall lower. A break above 1.3780 on the other hand would help provide confirmation that the up-trend was resuming. There is resistance situated not far above at 1.3828, however, which is likely to prevent further gains, and provides the next up-target. After that, there is the count from the 5th December lows to 1.3935.
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