Wave summary:
With resistance at 1.6451 cleared, we are looking for upside acceleration towards 1.6690 and 1.6850 as the next upside targets. The former resistance at 1.6451 has now shifted to being support and backup support is seen just below at 1.6402, which should be able to protect the downside.
R3: 1.6570
R2: 1.6517
R1: 1.6477
Pivot: 1.6450
S1: 1.6402
S2: 1.6344
S3: 1.6272
Trading recommendation:
We are long EUR from 1.6365 and will raise our stop to break-even. If you are not long EUR yet, then buy near 1.6451 and use the same stop at 1.6365.
