Profit taking setting up for possible next uptick on EURUSD

We have a recent uptrend in EURUSD and currently seeing a natural retracement (pullback). If we can see some support at 1.3850 and the market climb back about the 1.3865 we could see a climb all the way to the 1.3915 level which is the 1.618 Extension on this current uptrend.

However, if we see the market drop a little, we could see further decline, at least until it reaches 1.3840 which is the .382 retracement