Wave summary:
We continue to look for a deeper correction in wave (iv). This correction will ideally make it lower to the 38.2% corrective target at 119.23 from where the final impulsive rally in wave (v) of 3 should be seen for a rally towards 126.54.
Short-term minor resistance is seen at 123.55 and just above at 123.85.
Trading recommendation:
We are looking for a EUR-buying opportunity at 119.45 or upon a break above 123.85.
