Wave summary:
The correction from 131.71 broke below minor support at 129.64, which change the short term count slightly. Instead of wave i ending at 130.71 it has been shifted forward to 131.71 and the correction since then is wave ii. This wave ii correction should be close to completion. A break above minor resistance at 130.05 will be the first indication that wave ii has completed and wave iii is developing for a rally towards 136.01.
R3: 131.71
R2: 130.71
R1: 130.00
Pivot: 129.70
S1: 129.35
S2: 129.07
S3: 128.45
Trading recommendation:
Our stop at 129.55 was hit for a nice 105 pips profit. We will buy EUR again at 129.15 or upon a break above 130.10.