Trading Conditions
Products
Tools
Wave summary:
Resistance at 1.7100 is holding firm and will likely produce a short-term correction closer to 1.6985 before the next attempt to break clearly above this resistance for a continuation higher to 1.7470 and 1.7777 as the next larger upside targets.
Support is now seen at 1.7040 and 1.6985.
R3: 1.7264
R2: 1.7166
R1: 1.7100
Pivot: 1.7040
S1: 1.7020
S2: 1.7000
S3: 1.6985
Trading recommendation:
We are long EUR from 1.6790 and we will move our stop higher to 1.6850.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.