Wave summary:
The correction from 1.5266 has extended lower to just below the 61.8% corrective target at 1.4985. This correction is likely be over soon, and the next impulsive rally higher towards 1.5618 at least can start.
The first sign that the correction is complete will be seen upon a break above the minor resistance at 1.5060, while a break above resistance at 1.5168 will confirm that the correction has completed and the red wave (iii) is developing.
Trading recommendation:
Our stop at 1.5000 was hit for a small profit. We will buy EUR again upon a break above 1.5060. Stop will be placed at 1.4960.
