We continue to look higher here. A clear break above resistance at 1.7484 will open up the upside for a rally towards 1.7821 and more likely closer to resistance at 1.7924 before the next corrective consolidation is expected.
Support is seen at 1.7339, which ideally will protect the downside for a break above minor resistance at 1.7416, that will call for a more firm test of important resistance at 1.7484.
R3: 1.7668
R2: 1.7578
R1: 1.7484
Pivot: 1.7416
S1: 1.7356
S2: 1.7339
S3: 1.7281
Trading recommendation:
We are long EUR from 1.7330 with our stop placed at 1.7275.
