We continue to look for a continuation of the new established uptrend towards 1.7812 and higher towards 1.8369 after the break above 1.7484.
In the short-term, we could see more sideways consolidation just above the former resistance at 1.7484, which now acts as support. It should just be a matter of time before this sideways consolidation is complete and the uptrend can continue towards 1.7812 and beyond.
Support is seen at 1.7484 and 1.7459.
R3: 1.7714
R2: 1.7668
R1: 1.7597
Pivot: 1.7484
S1: 1.7459
S2: 1.7414
S3: 1.7384
Trading recommendation:
We are long EUR from 1.7330 with our stop placed at 1.7410. If you are not long EUR yet, buy near 1.7484 or upon a break above 1.7597 and use the same stop at 1.7410.
