Wave summary:
As long as important support at 131.60 is able to protect the downside, we still could see a final rally higher to 137.37 to complete wave (D). From near 137.37 or upon a break below support at 131.60 wave (E) lower to 123.43 is expected.
R3: 133.49
R2: 133.00
R1: 132.42
Pivot: 131.60
S1: 131.03
S2: 130.60
S3: 130.00
Trading recommendation:
We are long EUR from 132.30 with stop+revers at 131.60.
The material has been provided by InstaForex Company - www.instaforex.com