EUR/USD – Levels to watch

The move in EUR/USD looks overextended and I don’t think that this rally will just continue without a retracement first
A bit of overreaction in the market and the odds that we will see sharp reversal in the next 48 hours is quite high
To the topside, the key levels to watch are 1.1530, which is the February high, and then the pre-QE highs at 1.1650 & 1.1670
To the downside, expect intraday support at 1.1370 & 1.1340
Support then seen at 1.1280, with 1.1210/20 the major s/t support area