Wave summary:
We continue to look for a break above minor resistance near 129.75 and more importantly a break above resistance at 130.40 that confirms renewed upside pressure towards the ideal wave D target at 137.36.
Short-term support is seen at 128.28 and then at 127.82 which ideally will protect the downside for the break above 129.75.
R3: 130.40
R2: 129.75
R1: 129.50
Pivot: 129.00
S1: 128.63
S2: 128.42
S3: 128.28
Trading recommendation:
We are long EUR from 128.50 with our stop placed at 127.75. If you are not long EUR yet, then buy near 128.28 and use the same stop at 127.75.
