Today's support and resistance levels:
R3: 139.58
R2: 139.37
R1: 139.28
Current Spot: 139.11
S1: 138.95
S2: 138.76
S1: 138.54
Technical summary:
Support at 138.48 was never in any real danger of being broken and we have seen a rally to 139.28 as the high. This should be more than enough to fulfil the target for wave ii and we will now be looking for a break below support at 138.95 as the first indication that wave ii did end at 139.28. Meanwhile, a break below support at 138.54 will confirm the top for a decline towards 136.23 and possibly even lower.
Trading recommendation:
Our stop at 139.25 was hit. We will sell EUR again upon a break below 138.95 with a stop at 139.35.
