Wave summary:
Wave a of ii completed with a spike to 1.6341 and wave b towards at least 1.64755 and possibly even closer to 1.6529 should now be expected before the final decline in wave c close to 1.6160 to complete wave ii and set the stage for the next strong rally higher.
R3: 1.6584
R2: 1.6529
R1: 1.6475
Pivot: 1.6415
S1: 1.6397
S2: 1.6375
S3: 1.6341
Trading recommendation:
We will sell EUR at 1.6525 and place stop at 1.6635.
