Wave summary:
We continue to look for wave B to move closer to resistance in the 133.05 - 133.38 area. From here wave C lower is expected towards at least 130.56 and possibly even lower to near 128.00.
Short-term a break above minor resistance at 132.75 will confirm the expected corrective rally to the 133.05 - 133.38 area.
On the other hand, a break below minor support at 132.04 will indicate that wave B completed prematurely and the decline towards at least 130.56 already is developing.
R3: 133.38
R2: 133.05
R1: 132.75
Pivot: 132.30
S1: 132.04
S2: 131.70
S3: 131.30
Trading recommendation:
We will sell EUR at 133.00 or upon a break below 132.04.
