Wave summary:The base-channel resistance line near 1.5765 is now behind us and wave iii should continue to accelerate higher towards the 166.56 target. Upon a…
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