The Euro managed to close above the good support at 162.41 which opens the way for further upside targets and might even extend to reach the 165 levels but before that the first target is set at 164.35, on intraday basis the momentum indicators are showing the possibility for an upside wave yet over the short term the pair needs a correction before rising heavily, while the point at 162.41 should continue to offer good demand for the pair, and if this level was breached the pair might drop to the 161.62 level.