Wave summary:
We continue to look for a slightly deeper correction in wave ii. Ideally, wave ii will make it lower to 1.6679 before completing and turning prices higher in wave iii towards 1.7360 on the way towards the long-term target at 1.7777.
Only a direct break above minor resistance at 1.6839 will indicate that wave ii already has bottomed and wave iii is developing.
R3: 1.6937
R2: 1.6860
R1: 1.6840
Pivot: 1.6760
S1: 1.6737
S2: 1.6711
R3: 1.6679
Trading recommendation:
Buy EUR near 1.6695 or upon a break above 1.6845.
