Wave summary:
We continue to look for a new impulsive rally towards 1.7770 as the next larger upside target. Short term, we expect support at 1.6614 will protect the downside for a break above minor resistance at 1.6890 for a rally to and above resistance at 1.7216.
R3: 1.7216
R2: 1.7059
R1: 1.6853
Pivot: 1.6695
S1: 1.6614
S2: 1.6545
S3: 1.6518
Trading recommendation:
We are long EUR from 1.6770 with stop placed at 1.6610.
The material has been provided by InstaForex Company - www.instaforex.com