Wave summary:
We continue to look for renewed downside pressure towards at least 1.7077 and below will call for a decline to 1.7000. Short-term resistance is seen at 1.7265, which we expected will cap the upside, but in the case of a break above here, backup resistance is seen at 1.7308.R2: 1.7308
R2: 1.7265
Pivot: 1.7195
S1: 1.7155
S2: 1.7100
S3: 1.7077
Trading recommendation:
We will sell here at 1.7200 with our stop placed at 1.7275.
