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Wave summary:
The wave B has turned into an expanded flat correction, with the wave b break below the low of the wave A at 129.53. The low of the wave b was seen at 129.32 and the wave c has been nice and strong and should continue higher towards the 132.90 target before completing and turning the prices lower in the wave C towards 127.52 on the way lower to the ideal wave (E) target at 123.43.
R3: 132.32
R2: 131.65
R1: 131.33
Pivot: 131.25
S1: 131.10
S2: 131.00
S3: 130.90
Trading recommendation:
We are long EUR from 129.75 and will move our stop higher to 130.55 and place our take profit at 132.50.
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