Wave iv does look complete, with the peak at 1.6986. We could see a final spike higher to 1.7015 to complete the wave iv, but all the requirements has been fulfilled and we are looking for a break below support at 1.6850 to confirm the completion of the wave iv, as well as the onset of the wave v towards 1.6185 and maybe even closer to 1.6000 before completing the impulsive decline from 1.7929.
R3: 1.7071
R2: 1.7015
R1: 1.6965
Pivot: 1.6921
S1: 1.6850
S2: 1.6777
S3: 1.6725
Trading recommendation:
We will sell EUR at 1.7010 or after a break below support 1.6850.
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