The EURUSD rally from 1.3258 is in 5 waves, indicating that the trend has turned up. There is potential support from Fibonacci at 1.3420 if needed. The next few weeks should see a rally that ends in the 1.40-1.42 zone. This is the 50-61.8 retracement of the decline from 1.4871. The levels intersect with a potential resistance trendline on October 31 and November 11.