Wave summary:
We continue to look for a corrective decline towards 1.6348 and likely closer to 1.6171 before the next strong rally higher towards 1.6969 and above. Short-term a break below minor support at 1.6521 and more importantly a break below support at 1.6433 will add confidence in our call for a deeper correction before higher again.
R3: 1.6710
R2: 1.6632
R1: 1.6617
Pivot: 1.6520
S1: 1.6433
S2: 1.6348
S3: 1.6171
Trading recommendation:
We are look for a new EUR-buying opportunity in the 1.6171 - 1.6348 area.
The material has been provided by InstaForex Company - www.instaforex.com
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