Wave summary:
We continue to look for resistance at 132.77 and more importantly resistance at 132.89 to cap the upside for a decline below minor support at 131.70 that will call for a decline towards at least 130.37 and possibly lower.
Should resistance at 132.89 be broken, that would call for a continuation higher to 133.25 before turning lower again.
R3: 133.25
R2: 133.89
R1: 132.77
Pivot: 132.50
S1: 132.41
S2: 132.16
S3: 131.94
Trading recommendation:
We are short EUR from 133.00 with stop placed at 132.80. If you are not short-EUR yet, then sell near 132.77 and use the same stop at 132.80.
