Wave summary:
Wave ii likely completed with the test of 1.6828 and we are now looking for a break above minor resistance at 1.6927 confirming wave iii higher towards at least 1.7368 is developing on the way higher to the long-term at 1.7777.
R3: 1.7064
R2: 1.6993
R1: 1.6927
Pivot: 1.6855
S1: 1.6828
S2: 1.6802
S3: 1.6780
Trading recommendation:
We are long EUR from 1.6873 With stop placed at 1.6795.
