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Support at 1.7580 should continue to protect the downside for a break above minor resistance at 1.7732 confirming that the next impulsive rally towards 1.8030 is developing.
Short-term a break above minor resistance at 1.7680 will be the first good indication that short-term important resistance at 1.7732 soon will come under fire and a break above here should be seen this time for the expected rally towards 1.8030.
R3: 1.7823
R2: 1.7783
R1: 1.7732
Pivot: 1.7680
S1: 1.7651
S2: 1.7626
S3: 1.7580
Trading recommendation:
We are long EUR from 1.7615 with our stop placed at 1.7515. Upon a break above 1.7732 we will raise our stop to 1.7575 and we will take profit for half our position at 1.8000.
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