Wave summary:
We continue looking for more downside pressure in wave (E) and is currently looking for a break below minor support at 132.04 to confirm the next decline towards 130.37. Short-term resistance is seen at 132.89, which ideally will be able to protect the upside for the expected break below 132.04.
R3: 133.12
R2: 132.89
R1: 132.62
Pivot: 132.50
S1: 132.04
S2: 131.71
S3: 131.13
Trading recommendation:
We are short EUR from 133.00 with stop placed at 133.55. If you are not short EUR yet, then sell a break below 132.04 and placed you stop at 132.95
