Wave summary:
We are still focused towards the upside as long as 1.4737 protects the downside. That does not mean, we would like to see this support tested. Ideally we will see support at 1.4862 max 1.4828 protect the downside for a break above minor resistance at 1.5051 and more importantly above resistance at 1.5162 confirming the ending diagonal completed with the test of 1.4737 and a rally towards the origin of the ending diagonal at 1.5837 is developing.
Trading recommendation:
We are long EUR from 1.4750 with stop placed at break even. If you are not long EUR yet, then buy near 1.4862 or upon a break above 1.5051 and use the same stop at 1.4750.
The material has been provided by InstaForex Company - www.instaforex.comFrom www.instaforex.com http://ift.tt/2gn9ODS
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