Wave summary:The triangle consolidation in wave [iv] should be close to completion for a rally above 1.5441 confirming more upside pressure towards 1.5764 in wave…
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.
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 – www.instaforex.com