The expected minor set-back to 0.9034 is currently unfolding and the corrective pattern is some kind of flat correction is unfolding. It means that a rally back close to the former peak at 0.9113 and then a second dip close to 0.9034 from where the next impulsive rally higher towards 0.9485 is expected.
R3: 0.9175
R2: 0.9113
R1: 0.9074
Pivot: 0.9064
S1: 0.9050
S2: 0.9044
S3: 0.9034
Trading recommendation:
We are long EUR from 0.8646 with our stop placed at 0.8630
