Wave summary:
We continue to look for more downside pressure towards at least 130.73 and possibly deeper. A break below minor support at 132.43 will confirm the expected decline in wave C to at least 130.73.
Short-term minor resistance is seen at 133.12, which ideally will cap the upside for the break below 132.43.
R3: 133.50
R2: 133.28
R1: 133.12
Pivot: 133.00
S1: 132.70
S2: 132.43
S3: 132.00
Trading recommendation:
We are short EUR from 132.65 with stop placed at 134.45. If you are not short EUR yet, then sell near 133.12 and use the same stop at 134.45.
