Technical summary:
As long as resistance at 1.8000 protects the upside, we will stay open to a final decline closer to 1.7445 before the next impulsive rally takes us higher to 1.8683. Only a direct break above important resistance at 1.8000 indicates that wave ii is already over and the impulsive rally to 1.8683 is already developing.
Trading recommendation:
We have placed a EUR buy order at 1.7460 and a EUR buy order 1.8000. One order cancels the other.
