Wave summary:
We continue to look for a break below short-term important support at 131.14 confirming that wave (D) has completed and wave (E) lower to the ideal downside target at 123.43 is developing.
Short-term resistance is seen at 132.41 and again at 132.55 that should be able to cap the upside for a break below 131.70 towards 131.14.
R3: 133.24
R2: 132.55
R1: 132.41
Pivot: 131.70
S1: 131.14
S2: 130.55
S3: 129.86
Trading recommendation:
We sold EUR at 132.55 and has placed our stop at 133.35.
