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Wave summary:
We continue to look for signs confirming that a corrective low is in place with the test of 1.5852. A break above minor resistance seen at 1.6014 will be the first good indication that the corrective low of wave [ii] is in place and wave [iii] higher towards 1.6655 is developing.
R3: 1.6237
R2: 1.6154
R1: 1.6014
Pivot: 1.5975
S1: 1.5886
S2: 1.5852
S3: 1.5803
Trading recommendation:
We are long EUR from 1.5665 with stop placed at 1.5800. If you are not long EUR yet, then buy a break above 1.6014 and use the same stop at 1.5800.
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