Wave summary:

After a minor correction towards the 120.36-120.45 area, more upside towards 125.53 remains expected. A short-term break above the minor resistance at 122.20 will confirm continuation higher.

R3: 122.25

R2: 121.90

R1: 121.53

Pivot: 121.00

S1: 120.77

S2: 120.45

S3: 119.97

Trading recommendation:

Our stop at 121.00 has been hit for a nice profit. We will buy EUR again at 120.50 with stop placed at 119.90.

The material has been provided by InstaForex Company –

Get a £20 welcome bonus to try out the Plus 500 CFD trading platform, No deposit is required! Simply register a real money account at plus500, enter your mobile number and receive a validation code by SMS. Try out CFD trading on forex,stocks,commodities and more with no risk. *T&Cs apply - see the plus500 website here for more info.

 Comment on this article

Top Viewed This Week

Subscribe To Our Newsletter

Social Counters
/ Free WordPress Plugins and WordPress Themes by Silicon Themes. Join us right now!

Send this to friend