Technical summary:
Wave C extended lower than expected and is currently close to the 61.8% corrective target. In the short term, we think that we will see a minor setback towards 142.24 before the final decline towards 140.12 and maybe even lower to 138.72 before correction from 149.78 is finally is over. A new rally to above 149.78 should be expected as well.
Trading recommendation:
Our stop at 141.50 was hit for a small loss. We will look for a new EUR buying opportunity near 140.12.
The material has been provided by InstaForex Company - www.instaforex.com
