Wave summary:
We continue to look for a break above 1.6410 to confirm that red wave iii/ is developing for a rally towards 1.6875. Support is now seen at 1.6326 and important support is seen at 1.6263, which should protect the downside for the break above 1.6410.
R3: 1.6488
R2: 1.645
R1: 1.6410
Pivot: 1.6400
S1: 1.6336
S2: 1.6263
S3: 1.6222
Trading recommendation:
We bought EUR at 1.6365 and has placed our stop at 1.6250.
