Wave summary:
We continue to look for a clear break above minor resistance at 1.6441 to confirm that red wave iv did complete with the test of 1.6137 and red wave v to above 1.6690 is developing.
Support is seen at 1.6274 and should ideally protect the downside for the expected break above 1.6441.
R3: 1.6441
R2: 1.6409
R1: 1.6388
Pivot: 1.6335
S1: 1.6323
S2: 1.6289
S3: 1.6274
Trading recommendation:
We are long EUR from 1.6265 with stop at break-even. If our stop is hit, a new EUR-buy order should be placed at 1.6230 with stop set at 1.6130.
