Short-term important resistance at 125.95 is still capping the upside. We continue to believe, that it is only a matter of time, before this resistance gives away and the next impulsive rally higher towards 128.31 and 129.46 on the way higher to the 161.8% extension target at 133.54.
Support is now seen at 125.33 with key-support at 124.74.
R3: 127.03
R2: 126.53
R1: 125.95
Pivot: 125.33
S1: 124.74
S2: 124.15
S3: 123.90
Trading recommendation:
We are long EUR from 124.65 with our stop placed at break-even at 124.65
The material has been provided by InstaForex Company - www.instaforex.com