Not really anything new to add here. We continue to look for evidence, that blue wave ii has completed and blue wave iii towards 1.8030 and later 1.8369 is developing.
To confirm that blue wave ii has completed and blue wave iii has taken over a break above resistance at 1.7597 and more importantly a break above resistance at 1.7657 is needed.
Support remains seen at 1.7534 and then at 1.7515.
R3:1.7657
R2: 1.7625
R1: 1.7586
Pivot: 1.7561
S1: 1.7555
S2: 1.7515
S3: 1.7477
Trading recommendation:
We are long EUR from 1.7555 with our stop placed at 1.7465.
The material has been provided by InstaForex Company - www.instaforex.com