Wave summary:
We finally saw a break above the important short-term resistance at 1.6499 to indicate that an important low was seen at 1.6062 and a new impulsive rally is developing.
In the short term, we continue to look for support near 1.6285 that we expect will protect the downside for a new rally to above 1.6592, for a move closer to 1.6830 and above confirms a continuation towards 1.8420.
Only an unexpected break below 1.6062 will invalidate the bullish outlook.
Trading recommendation:
We are long in EUR from 1.6105 with stop placed at 1.6285. If you are not long in EUR yet, then buy near 1.6300 and place stop at 1.6060.