Wave summary:
As long as minor support at 1.6958 is able to protect the downside, we will be looking for more upside towards 1.7454 and 1.7777 as the next upside targets. If, however, minor support at 1.6958 gives away, that shifts the preferred if favor of wave i completing the test of 1.7216 and a corrective decline in wave ii developing towards the 1.6165 - 1.6216 area before moving higher again in wave iii.
R3: 1.7273
R2: 1.7216
R1: 1.7073
Pivot: 1.6958
S1: 1.6877
S2: 1.6784
S3: 1.6710
Trading recommendation:
We are long EUR from 1.6840 with stop placed at 1.6950.
