We continue to look for a finale dip into the target-area between 123.85 - 124.05 to complete wave ii and set the stage for a new sharp rally in wave iii towards 127.50 and 129.35 as the next upside targets.
Only a direct break above minor resistance at 125.20 will confirm that wave ii already has completed and wave iii is developing for a rally towards 127.50.
R3: 125.58
R2: 125.20
R1: 124.88
Pivot: 124.68
S1: 124.43
S2: 124.09
S3: 123.85
Trading recommendation:
We will buy EUR at 124.05 or upon a break above 125.20
The material has been provided by InstaForex Company - www.instaforex.com