Wave summary:
We are looking for slightly more correction in wave (ii) closer to 1.5895 before turning lower in wave (iii) towards 1.4490.
In the short term, a break below minor support at 1.5484 will confirm that the correction in wave (ii) is complete and wave (iii) lower towards 1.4490 is developing.
Trading recommendation:
We will sell EUR at 1.5890 and place stop at 1.6035.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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