Wave summary:
The correction in wave [ii] has turned into an expanded flat. We could still wave [c] of [ii] move slightly lower towards 1.4900 as long as minor resistance at 1.5123 is able to cap the upside, but from 1.4900 or upon a break above 1.5123 a strong impulsive rally is expected. The rally in wave [iii] should become an extended wave and be at least 161.8% the length of wave [i], which calls for a rally towards 1.5911.
Trading recommendation:
We will buy EUR at 1.4925 or upon a break above 1.5123.
The material has been provided by InstaForex Company - www.instaforex.comFrom www.instaforex.com http://ift.tt/2i8ZOMN
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