Ideally we will see a final dip into the target zone between 123.85 - 124.05 to complete the corrective decline in wave ii and set the stage for a new impulsive rally through resistance at 126.85 for a rally higher to 129.35.
That said, a break above minor resistance at 125.17 will indicate that the corrective decline in wave ii already has completed and wave iii is taking over for a new impulsive rally
R3: 126.10
R2: 125.85
R1: 125.18
Pivot: 125.00
S1: 124.80
S2: 124.50
S3: 124.09
Trading recommendation:
We will buy EUR at 124.05 or upon a break above 125.20
