Wave summary:
There really is much news to add here. We are still looking for a break above important short-term resistance, seen at 1.4866 that will confirm that a low is in place, with the test of 1.4495 and a new long-term impulsive rally is developing for a rally towards 1.5282 and higher towards 1.5836 as the next upside targets.
Short-term support is seen at 1.4554, which ideally will protect the downside for the expected break above 1.4866.
R3: 1.4866
R2: 1.4805
R1: 1.4751
Pivot: 1.4705
S1: 1.4609
S2: 1.4554
S3: 1.4495
Trading recommendation:
Buy a break above resistance seen at 1.4866 and place stop at 1.4490.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
Disclaimer: Please note all prices are for information only, they should not be relied upon for accuracy or trading. All prices quotes are based on CFD prices and are similar though not always identical to real exchange prices. STOCKTRKR or anybody connected with STOCKTRKR will not accept any liability for loss or damage arising from use of any information/commentary/charts or articles which is provided 'as is' for educational purposes only, nothing contained on this website should be considered as investment advice - please seek proper investment advice from registered financial broker or institution if you wish to trade on global markets and ensure you are familiar with the risks.