Wave summary:
We continue to look for a final decline closer to 1.4590 to complete the ending diagonal and set the stage for a new impulsive rally with the first major target seen at 1.5837.Short term, minor resistance near 1.4823 is likely to cap the upside for the move closer to 1.4590, but a clear break above 1.4823 will be the first warning that a low could be in place, but only a break above resistance at 1.5092 will confirm that the low is in place and that the rally towards 1.5837 is unfolding.
Trading recommendation:
We have put in orders to buy EUR at 1.4610 or upon a break above 1.5092 with stop placed at 1.4585.
The material has been provided by InstaForex Company - www.instaforex.com