Wave summary:
We were looking for a b-wave rally to 1.6584, this target has been spiked as the high has been seen at 1.6662. The high at 1.6662 likely was the top for wave b and wave c to below 1.6298 closer to 1.6150 is now expected. To confirm wave c lower has taken over, we need a break below 1.6500 and more importantly a break below 1.6441.
R3: 1.6715
R2: 1.6687
R1: 1.6662
Pivot: 1.6530
S1: 1.6500
S2: 1.6441
S3: 1.6390
Trading recommendation:
Unfortunately, our stop at 1.6635 was hit for a loss. We will sell EUR again here at 1.6635 with the stop placed at 1.6675.
