Wave summary:
We continue to look for a final decline closer to 1.5165 to complete wave [iv] and are setting the stage for a rally in wave [v] towards 1.5837 to complete the first impulsive rally of the 1.4495 low. Short term, minor resistance seen at 1.5350 should be able to cap the upside for the expected decline to 1.5165.
R3: 1.5429
R2: 1.5350
R1: 1.5300
Pivot: 1.5250
S1: 1.5213
S2: 1.5165
S3: 1.5105
Trading recommendation:
We are looking for a EUR buying opportunity at 151.70 or upon a break above 1.5350.
