Wave summary:
We have seen the expected minor correction from 1.6953 down to 1.6784 and the next impulsive rally higher to 1.7777 is now expected on the way higher to the ideal 1.8032 target. Short-term support is now seen at 1.6870 and again at 1.6784 that should be able to protect the downside for the expected rally higher.
R3: 1.7273
R2: 1.7118
R1: 1.7043
Pivot: 1.6941
S1: 1.6918
S2: 1.6870
S3: 1.6784
Trading recommendation:
We are long EUR from 1.6840 with stop placed at 1.6775. If you are not long EUR yet, the buy near 1.6870 with the same stop at 1.6775.
