Wave summary:
We continue to look for more upside closer to 137.36 to complete wave D of the huge ongoing triangle consolidation. Short-term, we are looking for support near 129.03 to be able to protect the downside for the next rally higher towards 134.80 on the way higher to 137.36.
R3: 134.80
R2: 132.65
R1: 131.40
Pivot: 131.00
S1: 129.64
S2: 129.03
S3: 128.67
Trading recommendation:
We are long EUR from 128.50 and will move our stop to break-even at 128.50. If you are not long EUR yet, then buy near 129.03 and use the same stop at 128.50
The material has been provided by InstaForex Company - www.instaforex.com
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