Wave summary:
We need to see a break above minor resistance at 1.7026 to confirm that wave ii completed with the test of 1.6684 and wave iii higher towards 1.7360 and 1.7777 is developing.
As long as minor resistance at 1.7026 stays untouched, we will need to allow for a final spike lower to 1.6679, but it's not necessary.
R3: 1.6850
R2: 1.6809
R1: 1.6772
Pivot: 1.6713
S1: 1.6684
S2: 1.6679
S3: 1.6662
Trading recommendation:
We are long EUR from 1.6695 with our stop placed at 1.6550.
