Wave summary:
We continue to look for a move closer to resistance at 133.15 to complete wave ii and set the stage for a strong decline in wave iii towards 128.36.
A clear break below support at 131.60 will confirm that wave (E) is developing towards the ideal target seen at 123.43.
R3: 133.15
R2: 132.84
R1: 132.50
Pivot: 132.00
S1: 131.60
S2: 131.47
S3: 131.36
Trading recommendation:
Our stop at 132.30 was hit for a small profit of 29 pips. We will sell EUR at 133.10
