Wave summary:
The range-trading continues here. We continue to look for a break above minor resistance at 1.5780 and more importantly a break above resistance at 1.5899 that confirms continuation higher to 1.6236 and above.
Only an unexpected break below 1.5419 will delay the expected rally higher.
Trading recommendation:
We are long EUR from 1.5510 with stop placed at 1.5410. If you are not long EUR yet, then buy a break above 1.5780 and use the same stop.
The material has been provided by InstaForex Company - www.instaforex.com
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