EUR/USD is very bullish since last Thursday ECB press conference when pair reversed significantly higher, clearly in impulsive fashion with extensions above 1.3300 level. We know that impulsive structures are five wave patterns that unfold in the direction of a larger trend.

With that said, we expect even higher levels on EUR/USD after a completed pullback. It looks like wave (iv) is in progress which will either look for a base at 1.3300 (23.6% Fibo) or 1.3260 (38.2% Fibonacci) area.