Wave summary:
Our preferred count remains, that wave iv still is in progress and a final decline towards 127.22 is needed to complete wave c of iv and set the stage for the final rally higher in wave v towards 133.46.
Only a direct break above resistance at 130.77 will indicate that wave iv already is complete and wave v is developing.
Trading recommendation:
We are short EUR from 129.88 with stop+revers at 130.80. Take profit is placed at 127.50
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