Wave summary:
We are still looking for upside acceleration towards the next upside target seen at 1.6655 and expect minor support seen at 1.5960 to continue to protect the downside for a clear break above 1.6154. This confirms the expected rally higher to 1.6655.A break below minor support at 1.5960 would be a bit troublesome, but will only delay the expected rally higher for a move closer to 1.5803 before the next rally higher is expected.
R3: 1.6354
R2: 1.6200
R1: 1.6154
Pivot: 1.6020
S1: 1.5960
S2: 1.5803
S3: 1.5764
Trading recommendation:
We are long EUR from 1.5665 with stop placed at 1.5800. If you are not long EUR yet, then buy near 1.5960 and use the same stop at 1.5800.
