Wave summary:
The break above minor resistance at 1.6925 is not yet convincing, but a more firm break is expected soon for more upside pressure towards 1.7064 on the way higher to 1.7777.
Support is now seen at 1.6837, which is expected to protect the downside for the firm break above 1.6925.
R3: 1.7064
R2: 1.6993
R1: 1.6925
Pivot: 1.6876
S1: 1.6837
S2: 1.6800
S3: 1.6793
Trading recommendation:
We are EUR 1.6873 with stop placed at 1.6795.
