Wave summary:
The ending diagonal could have completed with the new low seen at 1.4801, but to confirm this is the case a break above minor resistance at 1.5095 and more importantly a break above resistance at 1.5121 will be needed.
As long as minor resistance at 1.5095 is able to cap the upside, we need to allow for the possibility of one more decline closer to 1.4728 before the ending diagonal finally completes and a rally back to the origin of the ending diagonal at 1.5839 is seen.
Trading recommendation:
We will buy EUR at 1.4750 or upon a break above 1.5095
The material has been provided by InstaForex Company - www.instaforex.com