Wave summary:
The correction in wave ii/ continues to develop nice and slow for an expected dip to 1.6800 before wave iii/ takes over for a rally towards 1.7360 on the way higher to 1.7479 and 1.7777.
Short-term a minor resistance is seen at 1.6957 and only a break above here will indicate that wave ii/ has completed and wave iii/ is developing.
R3: 1.7150
R2: 1.7064
R1: 1.7013
Pivot: 1.6857
S1: 1.6803
S2: 1.6740
S3: 1.6707
Trading recommendation:
We are long EUR from 1.6695 with stop at break-even.
