Red wave iv is working its way sideways to slightly down. We still think a dip to 1.7594 is possible, but be aware that all red wave iv needs to do is consolidate in a small sideways pattern before taking off higher again towards 1.8030 as the next sub-target on the way towards 1.8369.
Support is seen at 1.7683 and then again at 1.7594.
R3: 1.7954
R2: 1.7900
R1: 1.7825
Pivot: 1.7791
S1: 1.7755
S2: 1.7700
S3: 1.7683
Trading recommendation:
We continue to look for a possible EUR-buying opportunity near 1.7615.
The material has been provided by InstaForex Company - www.instaforex.com