EUR/USD may go down quickly due to CoT at record level
A drop back towards $1.14 support could see further buying pressure, with upside targets at $1.1428 and then $1.1465. Given the strength of the rally, it seems wise to expect further gains for EUR/USD, although a close below $1.1350 could be a bearish development.
One note of caution for euro longs is that Commitment of Traders (CoT) data is at record levels on the long side. This means that unwind here could be very rapid, almost as quick as the move higher over the past quarter.