We continue to look for one more dip to just below 1.5588 in an expanded flat correction. This final dip should make it closer to 1.5485 to complete wave ii/ and turn prices higher in wave iii/ to above resistance at 1.6237 for a rally towards 1.6655 and above.
R3: 1.6006
R2: 1.5837
R1: 1.5805
Pivot: 1.5700
S1: 1.5598
S2: 1.5519
S3: 1.5485
Trading recommendation:
Our stop at 1.5650 has been hit. We will re-buy EUR at 1.5505 and place stop at 1.5455.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Wave summary:
We continue to look for one more dip to just below 1.5588 in an expanded flat correction. This final dip should make it closer to 1.5485 to complete wave ii/ and turn prices higher in wave iii/ to above resistance at 1.6237 for a rally towards 1.6655 and above.
R3: 1.6006
R2: 1.5837
R1: 1.5805
Pivot: 1.5700
S1: 1.5598
S2: 1.5519
S3: 1.5485
Trading recommendation:
Our stop at 1.5650 has been hit. We will re-buy EUR at 1.5505 and place stop at 1.5455.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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