The decisive test of key resistance at 1.0617 is ongoing right now. We need a clear break above this resistance to reckon that wave 2 is complete and wave 3 is in motion. Upon a successful break above 1.0617, the first target for wave 3 is seen at 1.2085. Of course, there will be obstacles on the way higher with the first being resistance at 1.0768 and then 1.0941.
Support is currently seen at 1.0544. This support will ideally protect the downside for the final break above resistance at 1.0617.
