Once the ongoing correction in wave iv is completed, a final rally to 0.9742 is expected to complete the long-term rally from 0.6909. Later, a new large decline will be expected. The first major target is seen at 0.8295.
R3: 0.9390
R2: 0.9276
R1: 0.9217
Pivot: 0.9174
S1: 0.9089
S2: 0.9042
S3: 0.8995
Trading recommendation:
We will be looking for a possible EUR buying opportunity near 0.9010
The material has been provided by InstaForex Company - www.instaforex.com