Wave summary:
No much action here.
We are still looking for upside acceleration towards the 1.5837 – 1.5863 area in wave iii/. To confirm that wave iii/ is unfolding, we need a break above 1.5228 and more importantly above minor resistance at 1.5285.
Short-term support is seen at 1.5065 and again at 1.5036
R3: 1.5285
R2: 1.5228
R1: 1.5153
Pivot 1.5129
S1: 1.5065
S2: 1.5036
S3: 1.4960
Trading recommendation:
We are long EUR from 1.5123 with stop placed at 1,4955. If you are not long EUR yet, then buy a break above 1.5228 and use the same stop at 1.4955.
The material has been provided by InstaForex Company – www.instaforex.com
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