We are looking for a more firm test of resistance at 1.7145 from where a correction closer to 1.6856 is expected. This corrective decline should completethe wave ii and set the stage for a new strong rally closer to 1.7479 and above.
R3: 1.7162
R2: 1.7145
R1: 1.7050
Pivot: 1.6990
S1: 1.6958
S2: 1.6900
S3: 1.6856
Trading recommendation:
We are looking for a selling opportunity at 1.7140.
