Wave summary:
We have seen a nice impulsive rally of the 1.6518 low and more upside pressure is expected towards 1.7025 on the way higher to 1.7479 and 1.7777.
Short-term support is seen at 1.6764 and if broken, we should see a dip lower to 1.6661 before the next turn higher towards 1.7025.
R3: 1.6966
R2: 1.6890
R1: 1.6820
Pivot: 1.6764
S1: 1.6707
S2: 1.6661
S3: 1.6600
Trading recommendation:
We are long EUR from 1.6670. We will move our stop higher to 1.6525.
The material has been provided by InstaForex Company - www.instaforex.com