Wave summary:
We are looking for a corrective low in wave ii soon. To confirm that wave ii has completed a break above minor resistance at 1.6927 is needed, which will call for a rally towards at least 1.7373 and possibly higher. The long-term target for this rally is seen near 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.
