Resistance at 1.7100 keeps putting up a real fight here. As long as this resistance isn't broken firmly, we need to accept more sideways price-action, but ultimately, we expect resistance at 1.7100 will be broken for a continuation higher towards 1.7530 and 1.7744 on the way higher to 1.8437.
Support is seen in the 1.6942 - 1.6965 area.
R3: 1.7479
R2: 1.7249
R1: 1.1700
Pivot: 1.7047
S1: 1.7025
S2: 1.6965
S3: 1.6942
Trading recommendation:
Our stop at 1.7000 was hit for a small loss of 30 pips. We will re-buy EUR at 1.7000 with our stop placed at 1.6960.
