• Stocks rallying - less need for safety and more will to gamble

• Driver for EUR/USD rally may switch from safety to techs

• Short-term consolidation required to alleviate overbought situation

• Bigger gains likely after surge above major upside levels between 1.12-1.13

• The next target for the rally is 1.1745

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EURUSD upside target

(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)