Wave summary:
As expected a B-wave top was close by. We still need a firm break below 134.95 to confirm that wave B has peaked and wave C lower to 131.11 is developing.
Short-term resistance is seen at 136.05 and again at the b-wave peak at 136.31.
R3: 136.64
R2: 136.31
R3: 136.05
Pivot: 134.95
S1: 134.75
S2: 134.36
S3: 133.91
Trading recommendation:
We are short EUR from 134.74 with our stop placed at 136.75.
