Wave summary:
We a perfect correction back to 129.55 (our target was seen at 129.52) renewed downside pressure should now be expected for a decline to 127.59 from where a new short-term correction close to 129.55 should be expected before lower again to 125.08.
R3: 130.03
R2: 129.78
R1: 129.55
Pivot: 129.50
S1: 128.46
S2: 127.96
S3: 127.59
Trading recommendation:
We are short EUR from 129.45. We will move our stop lower to 130.05. Take-profit will be placed at 127.65.
The material has been provided by InstaForex Company - www.instaforex.com