Wave summary:
We continue to look for a break above resistance at 1.5092 and more importantly a break above resistance at 1.5162 as confirmation that a long-term bottom is in place with the test of 1.4654 and a new long-term impulsive rally higher is developing.
Short-term, we see support at 1.4934 and just below at 1.4895, which we expect will protect the downside for the break above 1.5092.
Trading recommendation:
We are long EUR from 1.4830 with stop placed at break-even. If you are not long EUR yet, then buy near 1.4934 or upon a break above 1.5092 and use the same stop at 1.4830.
