EUR/USD edging back towards 2025 high

As reported on here much earlier today, on Friday the EUR/USD topped out at 1.0521, marking a new 2025 high for the pair. Earlier this morning it dropped back to a low at 1.0454, after closing in the US on Friday, at 1.0497. Over the past hour and more the EUR/USD has managed to recover that 1.05 handle again and reach a high so far at 1.0518. Of course the main reason for the rebound has come following a further slump in the USD/JPY. That has since fallen back through all its previous interim lows, to set a new interim low at 153.72. It is not significantly above that low as this update is typed. So, back to the EUR/USD. Can it get above the high seen on Friday and if it does, where is the next potential level? Well, it could depend on the number of stops (if any) in place above 1.0521. Beyond that, the next level of note is not until we reach 1.0574. That price point represents a 38.2% correction of the 1.1214-1.0178 fall. However, it will depend on how the USD/JPY trades this afternoon and also the EUR/USD has yet to get above 1.0521 anyway. It is currently trading at 1.0514