Technical forecast for EUR/USD

EURUSD burst through major long term resistance at 1.3479/91 and the 200 week moving average at 1.3529 this week and we have now hit the next target at 1.3609/14. A push through here then sees 1.3653 and possibly 1.3690 above is achievable next week if not today.

We are of course very over bought but this is being ignored. Any drift lower finds support at 1.3550 but below here we may see 1.505 with strong support at 1.3476/468 likely to provide a floor if we fall this far.